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Strategies & Market Trends : Currents of Currency -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (82)	10/5/2003 2:13:38 PM
From: Ahda	Respond to of 594

bls.gov Employment Situation Summary Technical information: Household data: (202) 691-6378 USDL 03-523 bls.gov Establishment data: 691-6555 Transmission of material in this release is bls.gov embargoed until 8:30 A.M. (EDT), Media contact: 691-5902 Friday, October 3, 2003. THE EMPLOYMENT SITUATION: SEPTEMBER 2003 The unemployment rate remained at 6.1 percent in September, and total nonfarm payroll employment was little changed, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The number of jobs in manu- facturing declined at a slower pace than in recent months, while employment in temporary help services continued to trend upward. Unemployment (Household Survey Data) The number of unemployed persons, 9.0 million, was about unchanged in September, and the unemployment rate was 6.1 percent, the same as in August. Unemployment rates for the major worker groups--adult men (5.7 percent), adult women (5.3 percent), teenagers (17.5 percent), whites (5.3 percent), blacks (11.2 percent), and Hispanics or Latinos (7.5 percent)--were little changed in September. The unemployment rate for Asians was 6.2 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.) In September, there were 2.1 million unemployed persons who had been looking for work for 27 weeks or longer, representing 23.2 percent of the total unemployed. Since November 2001, the proportion of long-term unem- ployed has increased by about 9 percentage points. (See table A-9.) Professional and business services added 66,000 jobs in September; half of the gain occurred in temporary help services. Since April, temporary help has added 147,000 jobs. Architectural and engineering services employment increased by 9,000 in September. >>We have been a nation use to surplus dollars. Temporary is less costly and this month wages went down .01. Something to think about as the world shifts.