Unemployment Rate Ticks down in September
11/01/2013
The September jobs report shows a slight decline in the unemployment rate for September, as the rate fell to 7.2%. Over the past year, it has fallen by 0.6%, as it was 7.8% in September of 2012. The graph below shows the unemployment rate since the beginning of 2003.
Other important statistics from this report:
- Nonfarm employment rose by just 148,000 jobs. This is not enough to bring the unemployment rate down to its natural level.
- The labor force participation rate continued its decline, falling to just 63.2%.