Thursday, November 10, 2011

U.S. jobless rate hits 9.4 percent - Jacksonville Business Journal:

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The BLS said the unemployment rate continuedto rise, increasing to 9.4 percenyt from 8.9 percent. Steep job losses continues in manufacturing, while declines moderated in construction andseveral service-providinh industries. The number of unemployed persons increasedby 787,000, to 14.5 million in May. Since the start of the recessiomn inDecember 2007, the numbetr of unemployed people has risen by 7 and the unemployment rate has grown by 4.5 percentagr points. Unemployment rates rose in May for adultmen (9.8 adult women (7.5 percent), whites (8.6 percent) and Hispanicsa (12.7 percent). The jobless rates for teenagersw (22.7 percent) and blacks (14.
9 percent) were littlwe changed over the month. The unemploymentf rate for Asianswas 6.7 percent in May, not seasonallhy adjusted, up from 3.8 percenty a year earlier. Amongf the unemployed, the number of job loserx and people who completex temporary jobs roseby 732,000 in May, to 9.5 This group has increased by 5.8 millioj since the start of the The number of long-term unemployed – those jobless for 27 weeka or more – increased by 268,000 over the month, to 3.9 and has tripled sincre the start of the recession. The May report said the joblesws ratefor management, business and financia operations hit 4.6 percent, up from 2.
7 percengt last year, and the rate for professional and relater occupations hit 4.2 percent, up from 2.5 percent last

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