11.3 million Americans remained unemployed in September

11.3 million Americans remained unemployed in September

After nearly a month’s delay due to the federal government’s shutdown, the Bureau of Labor Statistics announced yesterday that the national unemployment rate edged down in September to 7.2 percent from 7.3 percent one month earlier. Overall, 11.3 million Americans remain unemployed. The U-6 unemployment rate, which includes all workers who are unemployed or underemployed,...

After nearly a month’s delay due to the federal government’s shutdown, the Bureau of Labor Statistics announced yesterday that the national unemployment rate edged down in September to 7.2 percent from 7.3 percent one month earlier. Overall, 11.3 million Americans remain unemployed.

The U-6 unemployment rate, which includes all workers who are unemployed or underemployed, fell to 13.6 percent, down from last month’s 13.7 percent. In total, more than 21 million Americans are unemployed or underemployed.

Total nonfarm payroll employment rose by 148,000 in September, with the nation seeing job growth in construction, wholesale trade, and transportation and warehousing over the month.

However, the nation’s slow job growth has not encouraged Americans to return to the labor force. The labor participation rate remained steady at 63.2 in September, the lowest it has been since 1978.

The nation’s employment-to-population ratio, the proportion of the working-age population that is employed, also remained stalled at 58.6 percent, the lowest it has been since 1983. The pre-recession high for the ratio was 63.4 percent back in December of 2006.

national unemployment rate

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