Unemployment: 54,000 More Jobs Lost in August

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The official number of unemployed workers in the US is at 14.9 million, as the economy shed another 54,000 total jobs in August, according to the latest report from the Department of Labor.  The national unemployment rate is now at 9.6%.  Private employers hired an additional 67,000 workers last month, but those numbers were offset by more temporary government jobs ending.  Here's a look at the unemployment trends from the Bureau of Labor Statistics:

In some of the other areas we like to track from the monthly jobs report:

About 2.4 million persons were marginally attached to the labor force in August, little changed from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the
survey.
Among the marginally attached, there were 1.1 million discouraged workers in August, an increase of 352,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

Read the full report from the BLS here.


Posted 09-03-2010 11:20 AM by Graham Griffith
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