Friday, October 5, 2012

Key Unemployment Trends by Sector

The data released today by the BLS show that among the major worker groups, the unemployment rates for adult men (7.3 percent), adult women (7.0 percent), and whites (7.0 percent) declined over the month. The unemployment rates for teenagers (23.7 percent), blacks (13.4 percent), and
Hispanics (9.9 percent) were little changed. The jobless rate for Asians, at 4.8 percent (not seasonally adjusted), fell over the year.

The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) rose from 8.0 million in August
to 8.6 million in September. These individuals were working part time because
their hours had been cut back or because they were unable to find a full-time

Health care added 44,000 jobs in September. Job gains continued in ambulatory
health care services (+30,000) and hospitals (+8,000). Over the past year,
employment in health care has risen by 295,000.

In September, employment increased by 17,000 in transportation and warehousing.
Within the industry, there were job gains in transit and ground passenger
transportation (+9,000) and in warehousing and storage (+4,000).

Employment in financial activities edged up in September (+13,000), reflecting
modest job growth in credit intermediation (+6,000) and real estate (+7,000).

Manufacturing employment edged down in September (-16,000). On net, manufacturing
employment has been unchanged since April. In September, job losses occurred
in computer and electronic products (-6,000) and in printing and related
activities (-3,000).

1 comment:

  1. Non-economist question: What's with that seemingly funky logging/mining curve? I can understand why it would fall during the housing crash. I could make semi-educated guesses about the upward trend but would rather refrain.