The unemployment rate remains at 9.1%, as the US economy failed to add any jobs in August, according to the
latest report from the Department of Labor.
The private sectors continues to add jobs. Notably, health care, retail trade, manufacturing, and mining led the way in hiring, while the public sector continued to lose jobs. Here's a look at the
unemployment trends from the Bureau of Labor Statistics:
Here are
some of the key data from other areas we like to track in the monthly
jobs report:
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.4 million to 8.8 million in August. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
About 2.6 million persons were marginally attached to the labor force in August, up from 2.4 million 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 977,000 discouraged workers in August, down by 133,000 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 1.6 million persons marginally attached to the labor force in August 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
09-02-2011 9:27 AM
by
Graham Griffith