Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Key statistics
Seasonally adjusted estimates for September 2020:
Unemployment rate increased to 6.9%.
Participation rate decreased to 64.8%.
Employment decreased to 12,571,900.
Employment to population ratio decreased to 60.3%.
Underemployment rate increased to 11.4%.
Monthly hours worked increased by 9 million hours.
Yearly
Monthly
Monthly
Yearly
Aug-20
Sep-20
change
change
change (%)
change
(%)
Seasonally adjusted
Employed people
12,601,500
12,571,900
-29,500
-0.2%
-358,400
-2.8%
Unemployed people
926,200
937,400
11,300
1.2%
228,100
32.2%
Unemployment rate
6.8%
6.9%
0.1 pts
1.7 pts
na
na
Underemployment
11.3%
11.4%
0.1 pts
3.0 pts
na
na
rate
Participation rate
64.9%
64.8%
-0.1 pts
-1.3 pts
na
na
Monthly hours worked
in all jobs
1,680
1,688
-89
9 million
0.5%
-5.0%
million
million
million
Estimates of changes throughout this release are calculated using un-rounded level estimates and may be different
from, but are more accurate than, movements obtained from the rounded level estimates.
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