U.S. Unemployment Rate Down to 7.2% in September


U.S. unemployment rate was little changed at 7.2 percent in September and total nonfarm payroll employment rose by 148,000, the U.S. Bureau of Labor Statistics reported on October 22nd. Employment increased in construction, wholesale trade, and transportation and warehousing.


The unemployment rate, at 7.2 percent, changed little in September but has declined by 0.4 percentage point since June. The number of unemployed persons, at 11.3 million, was also little changed over the month; however, unemployment has decreased by 522,000 since June.

In September, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.1 million. These individuals accounted for 36.9 percent of the unemployed. The number of long-term unemployed has declined by 725,000 over the past year.

In September, 2.3 million persons were marginally attached to the labor force, down from 2.5 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 852,000 discouraged workers in September, essentially unchanged 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 1.5 million persons marginally attached to the labor force in September had not searched for work for reasons such as school attendance or family responsibilities.

U.S. Unemployment Rate Down to 7.2% in September


U.S. Department of Labor | anna@tradingeconomics.com
10/22/2013 1:51:25 PM