Friday, November 07, 2014
Tweet[IWS] BLS: THE EMPLOYMENT SITUATION -- OCTOBER 2014 [7 November 2014]
IWS Documented News Service
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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
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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....
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