Wednesday, October 12, 2011

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

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The BLS said the unemployment rate continuedto rise, increasinb to 9.4 percent from 8.9 percent. Steep job losses continuedf in manufacturing, while declines moderateed in construction andseveral service-providing industries. The number of unemployec persons increasedby 787,000, to 14.5 millioh in May. Since the starft of the recession inDecember 2007, the numberf of unemployed people has risen by 7 and the unemployment rate has grown by 4.5 percentagw points. Unemployment rates rose in May for adulttmen (9.8 percent), adult women (7.5 percent), whites (8.6 and Hispanics (12.7 percent). The joblessx rates for teenagers (22.7 and blacks (14.9 percent) were little changedr over the month.
The unemployment rate for Asians was 6.7 percent in May, not seasonally adjusted, up from 3.8 percen t a year earlier. Among the unemployed, the number of job losers and people who completed temporary jobs roseby 732,00 0 in May, to 9.5 million. This group has increasefd by 5.8 million since the start of the The numberof long-termj unemployed – those jobless for 27 weeks or more increased by 268,000 over the month, to 3.9 and has tripled since the start of the The BLS’ May reporf said the jobless rate for business and financial operations hit 4.6 up from 2.7 percent last year, and the rate for professionalk and related occupations hit 4.2 up from 2.5 percent last year.

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