Posted by: thepinetree on 03/06/2009 08:47 AM
Updated by: thepinetree on 03/06/2009 08:47 AM
Expires: 01/01/2014 12:00 AM
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Bureau of Labor Statistics Employment Numbers
Washington, DC...Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employ-ment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors...
Unemployment
The number of unemployed persons increased by 851,000 to 12.5 million in
February, and the unemployment rate rose to 8.1 percent. Over the past 12
months, the number of unemployed persons has increased by about 5.0 million, and the unemployment rate has risen by 3.3 percentage points.
The unemployment rate continued to trend upward in February for adult
men (8.1 percent), adult women (6.7 percent), whites (7.3 percent), blacks
(13.4 percent), and Hispanics (10.9 percent). The jobless rate for teen-
agers was little changed at 21.6 percent. The unemployment rate for Asians
was 6.9 percent in February, not seasonally adjusted. (See tables A-1, A-2,
and A-3.)
Among the unemployed, the number of job losers and persons who completed
temporary jobs increased by 716,000 to 7.7 million in February. This mea-
sure has grown by 3.8 million in the last 12 months. (See table A-8.)
The number of long-term unemployed (those jobless for 27 weeks or more)
increased by 270,000 to 2.9 million in February. Over the past 12 months,
the number of long-term unemployed was up by 1.6 million.
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