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Unemployment at 6.7 Percent in March 2014

The national unemployment rate was unchanged in March, at 6.7 percent, according to the Bureau of Labor Statistics. Unemployment has remained fairly steady since December 2013 but is down 0.8 percentage points from March 2013.

The number of long-term unemployed, those jobless for 27 weeks or more, is down by 837,000 compared to March 2013. Long-term jobless workers account for 35.8 percent of the currently unemployed.

Approximately 192,000 new jobs were created in March, above the current 12 month average of 183,000 jobs per month. Business sectors seeing job growth in March includes business and professional services, health care, mining, leisure and hospitality, and construction. 

Employment remained steady in manufacturing, wholesale and retail trade, transportation, and financial services. Public employment was down slightly, with a loss of a thousand jobs.

Unemployment figures for April will be released on Friday, May 2, 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                  
 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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