The Bureau of Labor Statistics released its report for September: “Nonfarm payroll employment edged down (-95,000) in September, and the unemployment rate was unchanged at 9.6 percent.” The report continues with various statistics, including:
Among the major worker groups, the unemployment rate for adult men (9.8 percent), adult women (8.0 percent), teenagers (26.0 percent), whites (8.7 percent), blacks (16.1 percent), and Hispanics (12.4 percent) showed little or no change in September. The jobless rate for Asians was 6.4 percent, not seasonally adjusted.
And this is of interest to many:
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose by 612,000 over the month to 9.5 million. Over the past 2 months, the number of such workers has increased by 943,000. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
We need less government intervention in the marketplace and more private sector activity to produce more permanent, full-time jobs. Lynn Woolsey and other big-government politicians won’t, if retained, be on board with that shift from the public to the private sector. This is another reason to vote Lynn Woolsey out of office on November 2.