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National Employment Monthly Update

National Employment Monthly Update

9/5/2014

Unemployment at 6.1 Percent in August 2014

Unemployment dropped slightly for the month of August, down to 6.1 percent. Unemployment is down 1.1 percentage points compared to a year ago. This is the lowest unemployment has been since August 2008.

The economy added 142,000 new jobs during the month. Business sectors seeing job growth in August included professional and business services, health care, leisure and hospitality, and construction. There were slight gains in employment in manufacturing, while employment in retail and wholesale trade, mining, transportation and warehousing, financial services and government showed little change for the month.

The number of long-term unemployed, those jobless for 27 weeks or more, declined to three million in August, accounting for 31.2 percent of the unemployed. Long-term unemployment has declined by 1.3 million workers over the last year. The number of discouraged workers, those not currently looking for work because they believe no jobs are available for them, totaled 775,000 in August.

Unemployment figures for September will be released on Friday, Oct. 3, 2014.

U.S. Dept. of Labor, Bureau of Labor Statistics Press Release

 National Unemployment Rates,  2008 - 2014

   Jan.  Feb.  Mar.  April  May  June  July  Aug.  Sept.  Oct.  Nov.  Dec.
 2014   6.6   6.7   6.7   6.3   6.3   6.1   6.2   6.1        
 2013   7.9   7.7   7.5   7.5   7.5   7.5   7.3   7.2   7.2    7.2    7.0    6.7
 2012   8.3   8.3   8.2   8.1   8.2   8.2   8.2   8.1   7.8    7.9    7.8    7.8
 2011   9.0   8.9   8.8   9.0   9.1   9.2   9.1   9.1   9.1    9.0    8.6    8.5
 2010   9.7   9.7   9.7   9.9   9.7   9.5   9.5   9.6   9.6    9.6    9.8    9.4
 2009   7.6   8.1   8.5   8.9   9.4   9.5   9.4   9.7   9.8  10.2  10.0  10.0
 2008   4.9   4.8   5.1   5.0   5.5   5.6   5.8   6.2   6.2    6.6    6.8    7.2

 Source: Bureau of Labor Statistics

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