Manufacturing employment changed little in August (minus 12,000 MoM), but was down by 78,000 over the year.
Both the unemployment rate, at 4.3 per cent, and the number of unemployed people, at 7.4 million, also changed little in the month MoM. These indicators also changed little over the year as well.
In August, the long-term unemployed accounted for 25.7 per cent of all unemployed people in the United States.
The labour force participation rate in the month changed little at 62.3 per cent, and the employment-to-population ratio was unchanged at 59.6 per cent. Both measures have declined by 0.4 percentage point over the year.
ALCHEMPro News Desk (DS)
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