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National Employment Monthly Update

National Employment Monthly Update

10/3/2014

Unemployment Drops to 5.9 Percent in September 2014

The national unemployment rate dropped to 5.9 percent in September, according to the Bureau of Labor Statistics. That marks the first time unemployment has been below six percent since July 2008.

Approximately 248,000 new jobs were created during September.  Business sectors seeing job growth included professional and business services, retail trade, health care, mining, leisure and hospitality, and construction.  Employment in manufacturing, wholesale trade, transportation and government remained steady.

More than nine million workers remain unemployed.  Of those, three million are considered long-term unemployed, having been jobless for 27 weeks or more.

Unemployment figures for October will be released on Friday, Nov. 7, 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   5.9      
 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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