Friday, November 07, 2014

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[IWS] BLS: THE EMPLOYMENT SITUATION -- OCTOBER 2014 [7 November 2014]

IWS Documented News Service

_______________________________

Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

THE EMPLOYMENT SITUATION -- OCTOBER 2014 [7 November 2014]

http://www.bls.gov/news.release/empsit.nr0.htm

or

http://www.bls.gov/news.release/pdf/empsit.pdf

[full-text, 38 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/empsit.supp.toc.htm

 

 

Total nonfarm payroll employment rose by 214,000 in October, and the unemployment

rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported today.

Employment increased in food services and drinking places, retail trade, and

health care.

 

Household Survey Data

 

Both the unemployment rate (5.8 percent) and the number of unemployed persons

(9.0 million) edged down in October. Since the beginning of the year, the

unemployment rate and the number of unemployed persons have declined by 0.8

percentage point and 1.2 million, respectively. (See table A-1.)

 

Among the major worker groups, the unemployment rate for whites declined to 4.8

percent in October. The rates for adult men (5.1 percent), adult women (5.4

percent), teenagers (18.6 percent), blacks (10.9 percent), and Hispanics (6.8

percent) changed little over the month. The jobless rate for Asians was 5.0 percent

(not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2,

and A-3.)

 

In October, the number of long-term unemployed (those jobless for 27 weeks or

more) was little changed at 2.9 million. These individuals accounted for 32.0

percent of the unemployed. Over the past 12 months, the number of long-term

unemployed has declined by 1.1 million. (See table A-12.)

 

The civilian labor force participation rate was little changed at 62.8 percent

in October and has been essentially flat since April. The employment-population

ratio increased to 59.2 percent in October. (See table A-1.)

 

The number of persons employed part time for economic reasons (sometimes

referred to as involuntary part-time workers) was about unchanged in October

at 7.0 million. These individuals, who would have preferred full-time employment,

were working part time because their hours had been cut back or because they

were unable to find a full-time job. (See table A-8.)

 

In October, 2.2 million persons were marginally attached to the labor force,

little changed from a year earlier. (The data are not seasonally adjusted.)

These individuals were not in the labor force, wanted and were available for

work, and had looked for a job sometime in the prior 12 months. They were not

counted as unemployed because they had not searched for work in the 4 weeks

preceding the survey. (See table A-16.)

 

Among the marginally attached, there were 770,000 discouraged workers in

October, essentially unchanged from a year earlier. (The data are not seasonally

adjusted.) Discouraged workers are persons not currently looking for work

because they believe no jobs are available for them. The remaining 1.4 million

persons marginally attached to the labor force in October had not searched for

work for reasons such as school attendance or family responsibilities. (See

table A-16.)

 

AND MUCH MORE...including TABLES....

 

________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 

 

 

 

 

 

 

 




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