The Labor Picture: October 2009
Unemployment Rate Grew 0.4 percentage points in Oct.
One month change
| +0.4 pts
|
|
One year change
| +3.6 pts
|
|
Number of Jobs 12-month change, in thousands
One month change
| -0.1%
|
|
One year change
| -4.0%
|
|
Discouraged WorkersNot looking for work because of the economy, in thousands
One month change
| +14.4%
|
|
One year change
| +66.9%
|
|
Duration Length of unemployment, in weeks
| Oct.
| 1 month change
| 1 year change
|
|---|
Average
| 26.9
| +2.7%
| +35.9%
|
Median
| 18.7
| +8.1%
| +76.4%
|
People With Jobs Percentage of people who are employed
| Oct.
| 1 month change
| 1 year change
|
|---|
Employed
| 58.5%
| -0.3 pts.
| -3.2 pts.
|
'Hidden' Unemployment In millions
| Oct.
| 1 month change
| 1 year change
|
|---|
Part time, but want full-time
| 9.3
| +1.1%
| +35.6%
|
Avg. Weekly EarningsFor rank-and-file workers
| Oct.
| 1 month change
| 1 year change
|
|---|
Average
| $617.76
| +0.3%
| +0.9%
|
DemographicsTeenagers continue to have the highest unemployment rate.
| Oct.
| 1 month change
| 1 year change
|
|---|
White
| 9.5
| +0.5 pts.
| +3.5
|
|
Black
| 15.7
| +0.3 pts.
| +4.4
|
|
Hispanic
| 13.1
| +0.4 pts.
| +4.3
|
|
Teenagers
| 27.6
| +1.7 pts.
| +6.9
|
|
Education The unemployment rate has risen the most for those with less than a high school diploma.
| Oct.
| 1 month change
| 1 year change
|
|---|
Less than high school
| 15.5
| +0.5 pts.
| +5.1 pts.
|
|
High school
| 11.2
| +0.4 pts.
| +4.7 pts.
|
|
Some college
| 9.0
| +0.5 pts.
| +3.7 pts.
|
|
Bachelor's or higher
| 4.7
| -0.2 pts.
| +1.6 pts.
|
|
A
s the unemployment rate surged to 10.2 percent in October, reaching double digits for the first time in 26 years, it suddenly seemed possible that the nation might yet confront the worst joblessness since
the Great Depression.
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