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Data for the Classroom from     Ed Dolan’s Econ Bloghttp://dolanecon.blogspot.com/ September Jobs Report Strong, Unemploym...
Job Growth Stronger in September with Upward Revisions The latest report from the Bureau of  Labor Statistics showed an i...
Unemployment Rate Falls to Jan. 2009 Level The unemployment fell to 7.8  percent in September, the rate that  prevailed i...
Employment-Population Ratio Improves The employment to population ratio  rose to 58.7 percent in September,  its highest ...
Broad vs. Standard Unemployment Rate The BLS also provides a broader  measure of job-market stress, U-6 The numerator of...
Long-Term Unemployment Edges Up and Remains High Not all the news was good. The  percentage of all unemployed  workers wh...
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September Jobs Report Strong, Unemployment Falls to 7.8 Percent

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September Jobs Report Strong, Unemployment Falls to 7.8 Percent

  1. Data for the Classroom from Ed Dolan’s Econ Bloghttp://dolanecon.blogspot.com/ September Jobs Report Strong, Unemployment Falls to 7.8 Percent Posted Oct. 5, 2012 Terms of Use: These slides are made available under Creative Commons License Attribution— Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics, from BVT Publishers.
  2. Job Growth Stronger in September with Upward Revisions The latest report from the Bureau of Labor Statistics showed an increase of 114,000 payroll jobs in September, the 24th straight month of job growth The July figure was revised up from 141,000 to 181,000 and the August figure was revised up from 96,000 to 142,000 Essentially all of the new net jobs were in service industries A loss of 10,000 goods-producing jobs was offset by a gain of 10,000 government jobs Posted Oct. 5, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
  3. Unemployment Rate Falls to Jan. 2009 Level The unemployment fell to 7.8 percent in September, the rate that prevailed in the month President Obama took office in January 2009 The unemployment rate is the ratio of unemployed persons to the labor force. The number of employed workers and the labor force both inrcreased in September The unemployment rate is based on a separate survey of households that includes self-employed and farm workers Posted Oct. 5, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
  4. Employment-Population Ratio Improves The employment to population ratio rose to 58.7 percent in September, its highest level since April 2010 The ratio is affected both by cyclical factors and by long-run trends, especially an aging population The labor force participation rate also rose in September, a sign that discouraged workers may be coming back to the job market Posted Oct. 5, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
  5. Broad vs. Standard Unemployment Rate The BLS also provides a broader measure of job-market stress, U-6 The numerator of U-6 includes  Unemployed persons  Marginally attached persons who would like to work but are not looking because they think there are no jobs, or for personal reasons  Part-time workers who would prefer full-time work but can’t find it The denominator includes the labor force plus the marginally attached U-6 was unchanged in September due to an increase in involuntary part-time workers Posted Oct. 5, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
  6. Long-Term Unemployment Edges Up and Remains High Not all the news was good. The percentage of all unemployed workers who have been out of work 27 weeks or longer rose slightly, and remains much higher than during other recent recessions At the same time, both the mean and median duration of unemployment increased Posted Oct. 5, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

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