Sunday, November 16, 2008

Employment situation Summary

According to the report of the Bureau of Labor Statistics of the U.S. Department of Labor, Nonfarm payroll employment fell by 240.000.The unemployment rate rose to 6.5 in October from 6.1 of September. The number of jobless persons went up to 10.1million, increasing 603.00.

In the last 12 months, the number of unemployment persons has increased by 2.8 million.

Among the unemployment increasing rate, the adult men account for 6.3 percent, which was ranking number one. Secondary to adult men, adult women is 5.3 percent. The unemployment rate for whites increased 5.9 percent while Hispanics rose 8.8 percent.

In October, the number of long-term unemployment is 2.3 million, increased by 249.000. Among the total unemployment, the number of long-term unemployment is 22.3 percent.

In this month, the number of persons who worked part time for economic reasons rose to 6.7 million. The persons who would like to work full time but were not given the chance are included in this category.

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