Skip to main content

Unemployment rate at 9 percent in October

The unemployment rate inched down slightly to 9 percent in October as 80,000 new jobs were added, the Bureau of Labor Statistics reported today.

Employment in the private sector rose, with modest job growth continuing in professional and businesses services, leisure and hospitality, health care, and mining. Government employment continued to trend downward.

Both the number of unemployed people (13.9 million) and the unemployment rate (9 percent) changed little during the month. The unemployment rate has remained in a narrow range of 9 to 9.2 percent since April.

In October, the number of long-term unemployed (those jobless for 27 weeks or more) declined by 366,000, to 5.9 million, or 42.4 percent of total unemployment.

Last month, 2.6 million people were marginally attached to the labor force, about the same as a year earlier. These people were not in the labor force, wanted and were available for work and had looked for a job sometime in the prior 12 months.

They were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.

Click here for the full report.

Related

1_MIASF

MIASF Holds Annual Meeting

The South Florida trade organization announced new and reelected members, handed out awards, and arranged presentations by business leaders.

1_GASPRICE

Gas Reaches Record $4.59 Per Gallon Average

With Memorial Day weekend approaching, the summer driving and boating seasons will contribute to continued demand for gasoline.

1_MILLERMARINE

Power Lodge Acquires Miller Marine

The deal gives marine and powersports dealer Power Lodge four locations in Minnesota and one in Florida.

1_DOWDIVE

Boating Shares Suffer in Market Selloff

Major U.S. stock indices weakened yesterday, and recreational marine shares fared even worse on a percentage basis.

1_SCANIAFRANZKE

Scania Appoints President of U.S. Operations

Company veteran Jorg Franzke replaces Håkan Sterner, who is returning to Sweden.

norm

Promote Safe Boating Week; a Fishing Icon Passes

The May 21-27 observance takes on heightened importance with the thousands of newcomers to boating. Meanwhile, bass fishing lost a legend with the death of Ray Scott.

1_AZIMUTIBACKLOG

Azimut-Benetti Booked $2.1B in 2021 Backlog

The builder said new models and a “diversified product portfolio” drove sales growth to record levels.