According to the Bureau of Labor Statistics: "Total nonfarm payroll employment increased by 263,000 in September, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality and in health care. The unemployment rate edged down to 3.5 percent in September, returning to its July level. The number of unemployed persons edged down to 5.8 million in September. Among the major worker groups, the unemployment rate for Hispanics decreased to 3.8 percent in September. The jobless rates for adult men (3.3 percent), adult women (3.1 percent), teenagers (11.4 percent), Whites (3.1 percent), Blacks (5.8 percent), and Asians (2.5 percent) showed little change over the month. Among the unemployed, the number of permanent job losers decreased by 173,000 to 1.2 million in September. The number of persons on temporary layoff changed little at 758,000. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.1 million in September. The long-term unemployed accounted for 18.5 percent of all unemployed persons. The labor force participation rate was little changed at 62.3 percent in September, and the employment-population ratio was unchanged at 60.1 percent. Both measures are 1.1 percentage points below their values in February 2020, prior to the coronavirus (COVID-19) pandemic. The number of persons employed part time for economic reasons decreased by 306,000 to 3.8 million in September. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. The number of persons not in the labor force who currently want a job was little changed at 5.8 million in September and remains above its February 2020 level of 5.0 million. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force was little changed in September at 1.6 million. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, increased by 119,000 to 485,000 in September.
According to the Bureau of Labor Statistics: "Total nonfarm payroll employment increased by 263,000 in September, and the
job gains occurred in leisure and hospitality and in health care.
The unemployment rate edged down to 3.5 percent in September, returning to its July level.
The number of unemployed persons edged down to 5.8 million in September.
Among the major worker groups, the unemployment rate for Hispanics decreased to 3.8 percent
in September. The jobless rates for adult men (3.3 percent), adult women (3.1 percent),
teenagers (11.4 percent), Whites (3.1 percent), Blacks (5.8 percent), and Asians (2.5
percent) showed little change over the month.
Among the unemployed, the number of permanent job losers decreased by 173,000 to 1.2
million in September. The number of persons on temporary layoff changed little at 758,000.
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed
at 1.1 million in September. The long-term unemployed accounted for 18.5 percent of all
unemployed persons.
The labor force participation rate was little changed at 62.3 percent in September, and the
employment-population ratio was unchanged at 60.1 percent. Both measures are 1.1 percentage
points below their values in February 2020, prior to the coronavirus (COVID-19) pandemic.
The number of persons employed part time for economic reasons decreased by 306,000 to 3.8
million in September. These individuals, who would have preferred full-time employment,
were working part time because their hours had been reduced or they were unable to find
full-time jobs.
The number of persons not in the labor force who currently want a job was little changed at
5.8 million in September and remains above its February 2020 level of 5.0 million. These
individuals were not counted as unemployed because they were not actively looking for work
during the 4 weeks preceding the survey or were unavailable to take a job.
Among those not in the labor force who wanted a job, the number of persons marginally
attached to the labor force was little changed in September at 1.6 million. These
individuals wanted and were available for work and had looked for a job sometime in the
prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number
of discouraged workers, a subset of the marginally attached who believed that no jobs were
available for them, increased by 119,000 to 485,000 in September.
Comment on the situation of the US labor market . *Based on the statistics provided here, use evidence.*Do not copy paste from the text above*
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