Friday, November 8, 2013

Employment Situation: Uglier Than It Looks - Forbes

Employment Situation: Uglier Than It Looks - Forbes: A few of the report’s highlights:
The unemployment rate was effectively unchanged, rising from 7.2% (with rounding) to 7.3% in October.
The government shutdown led 448,000 federal workers to be classified as unemployed.
The long-term unemployed (unemployed 27 weeks or longer) make up 36.1% of the unemployed.
The labor force participation rate declined to 62.8%.
The employment-to-population ratio fell to 58.3%.