THE EMPLOYMENT SITUATION: JUNE 2009 Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction. (...) The civilian labor force participation rate was little changed in June at 65.7 percent. The employment-population ratio, at 59.5 percent, continued to trend down over the month. The employment-population ratio has declined by 3.2 percentage points since the start of the recession in December 2007. (See table A-1.) The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in June at 9.0 million. Since the start of the recession, the number of such workers has increased by 4.4 million. (...) In June, the average workweek for production and nonsupervisory workers on private nonfarm payrolls fell by 0.1 hour to 33.0 hours--the lowest level on record for the series, which began in 1964.
Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction.
(...)
The civilian labor force participation rate was little changed in June at 65.7 percent. The employment-population ratio, at 59.5 percent, continued to trend down over the month. The employment-population ratio has declined by 3.2 percentage points since the start of the recession in December 2007. (See table A-1.)
The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in June at 9.0 million. Since the start of the recession, the number of such workers has increased by 4.4 million.
In June, the average workweek for production and nonsupervisory workers on private nonfarm payrolls fell by 0.1 hour to 33.0 hours--the lowest level on record for the series, which began in 1964.
U6 is at 16.5%. Part-time work is at a record high. The shoots are rather brown. In the long run, we're all dead. John Maynard Keynes
And yes, these are comparable as it's in %, not headcount. In the long run, we're all dead. John Maynard Keynes
