October 2010 Unemployment Rate Unchanged

Nonfarm payroll employment increased by 151,000 in October, and the unemployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Since December 2009, nonfarm payroll employment has risen by 874,000.

In October, 41.8 percent of unemployed persons had been jobless for 27 weeks or more.

The number of persons employed part time for economic reasons (some- times referred to as involuntary part-time workers) fell by 318,000 over the month to 9.2 million, partially offsetting large increases in the prior 2 months. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

Today’s Headlines

Soaring Professions: 5 Career Fields That Have Secure Futures

The U.S. unemployment rate has been gradually declining, but good jobs are hard to come by for millions of Americans. When business setbacks occur, companies … [Read More...]

Today’s Most In-Demand Medical Jobs

One of the professional fields that continue to hire personnel at consistently high rates, despite economic downturns, is the medical profession. It is … [Read More...]

August Unemployment Numbers

The U.S.Bureau of Labor Statistics (BLS) released the August unemployment numbers today. The BLS Commissioner says: "Nonfarm payroll employment increased by … [Read More...]

4 Ways Small Businesses Are Changing Ancient POS Trends

As a business owner, it is important that you set up convenient payment options for your customers to use when buying your products or services. An … [Read More...]

Unemployment News

BLS Monthly Employment Report for April

The US economy added 160,000 "seasonally adjusted" jobs in April, the lowest figure in the last seven months. The adjusted U-3 unemployment rate remained steady at 5%. The Unadjusted U-3 fell to 4.7% while the … [Read More...]

More Posts from this Category

About Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education. Connect with Tim on Google+

Speak Your Mind

*