Friday, September 2, 2011

August Unemployment: 9.1%

The jobless rate held steady at 9.1 percent and the official tally of unemployed workers was virtually unchanged at 14 million. The broad U6 measure of underemployment – including those who have given up looking for work and who are working part-time for economic reasons – rose from 16.1 percent to 16.2 percent.

The number of long-term unemployed – those going without work for 27 weeks or more – was unchanged at 6.0 million and they accounted for a stunning 42.9 percent of the unemployed while the civilian labor force participation rate was steady at 64.0 percent.

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