Friday, September 3, 2010

Unemployment August 2010: 9.6%

The Employment-Population ratio increased to 58.5% in August from 58.4% in July.

The Labor Force Participation Rate increased to 64.7% from 64.6% in July.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 331,000 over the month to 8.9 million.

According to the BLS, there are 6.249 million workers who have been unemployed for more than 26 weeks and still want a job.


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