Unemployment rate in the United States begins to decline

The indicator fell a little, to settle at 7.9%, which represents an improvement in North American territory

The unemployment rate in the United States experienced a decrease of five tenths in September, reaching 7.9%, so the country’s labor market continued its recovery for the fifth consecutive month.

The country’s economic reactivation led to the creation of 661,000 non-agricultural jobs in September, after 1.5 million in August, 1.8 million in July, 4.8 million in June and 2.7 million in may.

In this way, the unemployment rate has continued to move away from the historical highs it had been registering in recent months. In October 2009, the peak of the global financial crisis that began in 2008, the unemployment rate in the United States reached 10%, while the historical maximum until this year was that of December 1982, when it reached 10.8% .

The number of long-term unemployed, those who have been unemployed for a minimum of 27 weeks, rose to 2,405 million people, which is equivalent to an increase of 781,000 unemployed. Its weight with respect to the total number of unemployed grew by more than seven percentage points, to 19.1%.

On his side, the total number of unemployed people was 12.58 million people, so it fell by 970,000 unemployed. At the same time, the participation rate in the labor market fell by three tenths in the ninth month of the year, to 61.4%. Compared to August, the workforce was reduced by 695,000 people.

K. Tovar

Source: dpa

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