Washington — Oct. 5
The unemployment rate decreased to 7.8 percent in September and total nonfarm payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported Friday.
Employment increased in health care and in transportation and warehousing but changed little in most other major industries.
Furthermore, the unemployment rate decreased by 0.3 percentage points to 7.8 percent in September. For the first eight months of the year, the rate held within a narrow range of 8.1 and 8.3 percent. Moreover, the number of unemployed persons, at 12.1 million, decreased by 456,000 in September.
Among the major worker groups, the unemployment rates for adult men (7.3 percent), adult women (7 percent) and whites (7 percent) declined over the month. The unemployment rates for teenagers (23.7 percent), blacks (13.4 percent) and Hispanics (9.9 percent) were little changed. The jobless rate for Asians, meanwhile, at 4.8 percent, fell over the year.
In September, the number of job losers and persons who completed temporary jobs decreased by 468,000 to 6.5 million.
Also, the number of people unemployed for less than five weeks declined by 302,000 over the month to 2.5 million. The number of long-term unemployed — those jobless for 27 weeks or more — was little changed at 4.8 million and accounted for 40.1 percent of the unemployed.
Total employment rose by 873,000 in September, following three months of little change. Additionally, the employment-population ratio increased by 0.4 percentage points to 58.7 percent after edging down in the prior two months.
The overall trend in the employment-population ratio for this year has been flat. The civilian labor force rose by 418,000 to 155.1 million in September, while the labor force participation rate was little changed at 63.6 percent.
The number of persons employed part time for economic reasons — sometimes referred to as involuntary part-time workers — rose from 8 million in August to 8.6 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
In September, 2.5 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. 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 four weeks preceding the survey.
Source: U.S. Bureau of Labor Statistics