U.S. unemployment rate for August: up to 9.6%
Nonfarm payroll employment was down slightly (-54,000) in August 2010, and the unemployment rate increased slightly to 9.6% from the 9.5% rate in July and June. “The change in total nonfarm payroll employment for June was revised from -221,000 to -175,000, and the change for July was revised from -131,000 to -54,000.” Government employment dropped by 114,000 as temporary census workers completed their work. Private sector payroll employment edged up modestly (+67,000).
From May through August, the jobless rate remained in the range of 9.5 to 9.7%. The number of unemployed people in August was 14.9 million. According to the report:
The number of long-term unemployed (jobless for 27 weeks or more) declined by 323,000 in August to 6.2 million. Of all unemployed in August, 42% belonged to the long-term unemployed. The number of persons employed part-time for economic reasons (“involuntary part-time workers”) increased by 331,000 in August, to 8.9 million. These folks worked part-time because their hours were reduced or because they could not find a full-time job.
About 2.4 million people were marginally attached to the workforce, little changed from a year ago. “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.” There were also 1.1 million discouraged workers in the “marginally attached” category who believe that no jobs are available for them, up 352,000 from last year. The remaining 1.3 million marginally attached persons had not searched for work in the four weeks prior to the survey for reasons such as school attendence or family responsibilities.
Although gains in private sector employment have been modest, employment has increased by 763,00 since the most recent low in December 2009. The report had the following to say about various job categories:
-Bill at
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