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Economics for your Classroom from 
Ed Dolan’s Econ Blog 
US Unemployment Drops 
Below 6 Percent on 
Strong Job Gains 
Oct....
Unemployment Rate Falls to New Low of 5.9 Percent 
 The US unemployment rate fell to 5.9 
percent in September, a new low...
Broad vs. Standard Unemployment Rate 
 The BLS also provides a broader 
measure of job-market stress, U-6 
 The numerato...
Payroll Job Growth Resumes in September 
 In addition to the employment 
numbers from the household 
survey, the BLS repo...
Long-term Unemployment Shows Little Change 
 The recession and slow recovery 
have been characterized by unusually 
high ...
Involuntary Part-Time Work Falls 
 The percentage of the labor force 
working part time for economic 
reasons (involuntar...
The Bottom Line: Prospects Look Good for Q3 
 Strong job growth in September was 
consistent with other indicators of 
co...
For more slideshows and commentary, follow Ed Dolan’s Econ Blog 
Like this slideshow? 
Follow @DolanEcon on Twitter 
Click...
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US Unemployment Falls Below 6 Percent on Strong Job Gains

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The US unemployment rate fell to 5.9 percent in September, the lowest in 6 years. The economy gained 248,000 payroll jobs in the month, better than the average for the year

Published in: Economy & Finance
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US Unemployment Falls Below 6 Percent on Strong Job Gains

  1. Economics for your Classroom from Ed Dolan’s Econ Blog US Unemployment Drops Below 6 Percent on Strong Job Gains Oct. 4, 2014 Terms of Use: These slides are provided 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 Publishing.
  2. Unemployment Rate Falls to New Low of 5.9 Percent  The US unemployment rate fell to 5.9 percent in September, a new low for the recovery. It was the first time in six years that the rate fell below 6 percent.  The unemployment rate is the ratio of unemployed persons to the labor force. Both the numerator and the denominator fell during the month.  The unemployment rate is based on a monthly survey of households Oct. 4, 2014 Ed Dolan’s Econ Blog
  3. 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 fell to 11.8 percent in September, also a new low for the recovery Oct. 4, 2014 Ed Dolan’s Econ Blog
  4. Payroll Job Growth Resumes in September  In addition to the employment numbers from the household survey, the BLS reports payroll jobs, based on a separate survey of employers  The economy added 248,000 payroll jobs in September, a little above the average for the year  July and August job gains were revised upward by a total of 69,000 Oct. 4, 2014 Ed Dolan’s Econ Blog
  5. Long-term Unemployment Shows Little Change  The recession and slow recovery have been characterized by unusually high levels of long-term unemployment  The absolute number of people out of work for 27 weeks or more fell slightly in September, but the number of long-term unemployed rose as a percentage of all unemployed  The mean duration of unemployment fell for the month but the median duration rose Oct. 4, 2014 Ed Dolan’s Econ Blog
  6. Involuntary Part-Time Work Falls  The percentage of the labor force working part time for economic reasons (involuntary part-time work) decreased in September, following its general downward trend  Involuntary part-time work remains much higher than it was before the onset of the Great Recession Oct. 4, 2014 Ed Dolan’s Econ Blog
  7. The Bottom Line: Prospects Look Good for Q3  Strong job growth in September was consistent with other indicators of continued growth of the economy for the third quarter  The trajectory of the economy will become clearer at the end of October when government statisticians release the advance estimate of Q3 GDP Oct. 4, 2014 Ed Dolan’s Econ Blog
  8. For more slideshows and commentary, follow Ed Dolan’s Econ Blog Like this slideshow? Follow @DolanEcon on Twitter Click here to learn more about Ed Dolan’s Econ texts

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