Employment Situation Summary

Employment Situation Summary - Employment Situation Summary...

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Employment Situation Summary Transmission of material in this release is embargoed USDL-09-1479 until 8:30 a.m. (EST) Friday, December 4, 2009 Technical information: Household data: (202) 691-6378 * [email protected] * www.bls.gov/cps Establishment data: (202) 691-6555 * [email protected] * www.bls.gov/ces Media contact: (202) 691-5902 * [email protected] (NOTE: This release omitted a notice routinely posted at this time each year announcing the implementation of annually revised season- ally adjusted household survey data next month. The revised data will be included in The Employment Situation news release scheduled for publication on January 8, 2010. Please see the box note at the end of the news release text for additional information.) THE EMPLOYMENT SITUATION -- NOVEMBER 2009 The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. In the prior 3 months, payroll job losses had averaged 135,000 a month. In November, employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs. Household Survey Data In November, both the number of unemployed persons, at 15.4 million, and the unemployment rate, at 10.0 percent, edged down. At the start of the recession in December 2007, the number of unemployed persons was 7.5 million, and the jobless rate was 4.9 percent. (See table A-1.) Among the major worker groups, unemployment rates for adult men (10.5 per- cent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 per- cent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little change in November. The unemployment rate for Asians was 7.3 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.) Among the unemployed, the number of job losers and persons who completed tem- porary jobs fell by 463,000 in November. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent. (See tables A-8 and A-9.) The civilian labor force participation rate was little changed in November at 65.0 percent. The employment-population ratio was unchanged at 58.5 percent. (See table A-1.) The number of people working part time for economic reasons (sometimes re- ferred to as involuntary part-time workers) was little changed in November at 9.2 million. These individuals were working part time because their hours
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had been cut back or because they were unable to find a full-time job. (See table A-5.) About 2.3 million persons were marginally attached to the labor force in November, an increase of 376,000 from a year earlier. (The data are not sea- sonally adjusted.) These individuals were not in the labor force, wanted and
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This note was uploaded on 07/07/2011 for the course BUSINESS 350 taught by Professor Mitchell during the Fall '09 term at Troy.

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Employment Situation Summary - Employment Situation Summary...

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