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2018-10-08 10:15:00

U.S. UNEMPLOYMENT DOWN TO 3.7%

U.S. UNEMPLOYMENT DOWN TO 3.7%

U.S. BLS - The unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased
by 134,000, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, in health care, and in transportation and warehousing. 

Household Survey Data 

The unemployment rate declined by 0.2 percentage point to 3.7 percent in September, and the number of unemployed persons decreased by 270,000 to 6.0 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage point and 795,000, respectively.

Among the major worker groups, the unemployment rates for adult women (3.3 percent) and Whites (3.3 percent) declined in September. The jobless rates for adult men (3.4 percent), teenagers (12.8 percent), Blacks (6.0 percent), Asians (3.5 percent), and Hispanics (4.5 percent) showed little or no change over the month. 

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.4 million over the month; these individuals accounted for 22.9 percent of the unemployed.

In September, the labor force participation rate remained at 62.7 percent, and the employment-population ratio, at 60.4 percent, was little changed.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part- time workers) increased by 263,000 to 4.6 million in September. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs.

In September, 1.6 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (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. 

Among the marginally attached, there were 383,000 discouraged workers in September, about unchanged from a year earlier. (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 1.2 million persons marginally attached to the labor force in September had not searched for work for reasons such as school attendance or family responsibilities. 

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Earlier:

 N.America
2018, September, 28, 09:40:00

U.S. GDP UP 4.2%

U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.

 

 

 N.America
2018, September, 28, 09:35:00

U.S. FEDERAL FUNDS RATE 2.25%

FRB - In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 2 to 2-1/4 percent.

 

 N.America
2018, September, 21, 10:05:00

U.S. DEFICIT DOWN TO $101.5 BLN

U.S. BEA - The U.S. current-account deficit decreased to $101.5 billion (preliminary) in the second quarter of 2018 from $121.7 billion (revised) in the first quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.0 percent of current-dollar gross domestic product (GDP) in the second quarter, down from 2.4 percent in the first quarter.

 

 N.America
2018, September, 17, 14:45:00

U.S. INDUSTRIAL PRODUCTION UP 0.4%

FRB - Industrial production rose 0.4 percent in August for its third consecutive monthly increase. Manufacturing output moved up 0.2 percent on the strength of a 4.0 percent rise for motor vehicles and parts; motor vehicle assemblies jumped to an annual rate of 11.5 million units, the strongest reading since April. Excluding the gain in motor vehicles and parts, factory output was unchanged.

 

 N.America
2018, September, 10, 12:10:00

U.S. UNEMPLOYMENT 3.9%

U.S. DL - The unemployment rate remained at 3.9 percent in August, and the number of unemployed persons, at 6.2 million, changed little.

 

 N.America
2018, September, 7, 12:13:00

U.S. DEFICIT $50.1 BLN

U.S. BEA - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $50.1 billion in July, up $4.3 billion from $45.7 billion in June, revised.

 

 N.America
2018, August, 31, 11:10:00

U.S. GDP UP OF 4.2%

U.S. BEA - Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.

 

Tags: USA, EMPLOYMENT