Home | Business News | October sees little change in jobless rate

October sees little change in jobless rate

ABJ - November 7 - Nonfarm payroll employment continued to trend up in October (+80,000), while the unemployment rate was little changed at nine per cent, according to a report by the U.S. Bureau of Labor Statistics.

Employment in the private sector rose, with modest job growth continuing in professional and businesses services, leisure and hospitality, health care, and mining. Government employment continued to trend down.

Both the number of unemployed persons (13.9 million) and the unemployment rate (nine per cent) changed little over the month. The unemployment rate has remained in a narrow range from nine to 9.5 per cent since April across the United States.

In October, the number of long-term unemployed (those jobless for 27-plus weeks) declined by 366,000 to 5.9 million, or 42.4 per cent of total unemployment. The civilian labor force participation rate remained at 64.2 per cent in October, and the employment-population ratio was little changed at 58.4 per cent.

The number of persons employed part time for economic reasons decreased by 374,000 to 8.9 million in October. These individuals were working part time as hours had been cut back or because they were unable to find a full-time job.

Business in Action

PetroChem

image
When it comes to ensuring plants and facilities comply with the safety regulations, PetroChem Inspection Services has got it covered. ...
Full article  | View Brochure

PEP

image
ABJ scoured the nation for success stories to share in our special section dedicated to Americans working hard during this ...
Full article

Burton

image
In a city famous for its bad rap, Detroit’s unemployment rate is at a roaring 50 percent and its economy ...
Full article

ACN

image
From a one product, one country start-up to a multi-service industry giant backed by the per­sonal endorsement of Donald Trump ...
Full article  | View Brochure

Clemson University

image
As one of the most established universities in the state, Clem­son University—among the top ranked institutes in the coun­try—has garnered ...
Full article  | View Brochure

Surgical Hospital

image
Munster, Indiana, located on the outskirts of Chicago is the home of Surgical Munster Hos­pital and its Calumet Surgical Centre. ...
Full article  | View Brochure

Meisel

image
Sport icon Wayne Gretzky once said: you miss 100 percent of the shots you don’t take. And that was exactly ...
Full article

Lincoln University of the Commonwealth of Pennsylvania

image
The story of Lincoln University of the Common­wealth of Pennsylvania goes back to the turn of the century, when two ...
Full article  | View Brochure

IBM

image
Science has made it possible to exploit alterna­tive power sources, so years from now, we can generate power that comes ...
Full article

Seagrave

image
The tradition of quality When things heat up in a fire situation, those on the front line of a rescue ...
Full article  | View Brochure

ITS

image
Young entrepreneur’s franchising company excels to top of the list There are many people who spend years af­ter college trying ...
Full article  | View Brochure

Holliston

image
When it comes to business success, don’t judge a book by its cover.  The nation’s oldest and largest manufacturer of ...
Full article  | View Brochure

ARES Inc.

image
When it comes to weapons technology, ARES Inc. has 30 years of expertise in high tech engineering, manufacturing and testing. ...
Full article  | View Brochure

Texas Refinery

image
If it ain’t broke, don’t fix it, as some would say. This motto reflects the overall approach that Texas Refinery ...
Full article  | View Brochure

Contemporary Services Corporation

image
Out of the three companies awarded security bids for the 2010 Olympic and Paralympic Games in Vancouver, ABJ caught up ...
Full article  | View Brochure
  • email Email this article
  • print Print
  • Plain text Plain text