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Unemployment still at 9.5 percent - Trade Only Today

Unemployment still at 9.5 percent

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The unemployment rate for July remained unchanged at 9.5 percent, the U.S. Bureau of Labor Statistics reported today.

The number of unemployed stands at 14.6 million.

In July, the number of long-term unemployed (those jobless for 27 weeks or longer) was little changed at 6.6 million. Those people made up 44.9 percent of the unemployed.

About 2.6 million people were marginally attached to the labor force in July, an increase of 340,000 from a year earlier. Those people were not in the labor force, wanted work and were available for it, 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.

Among the marginally attached, there were 1.2 million discouraged workers in July, up 389,000 from a year earlier.

Click here for the full report.

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