Jobs: Employment Report Preview

JOBS: what else could I talk about with CBS3? Here's a preview of today's release of the September jobs report. I'll update the numbers as soon as they're released!

September's results are in...here they are:

• September: -95,000 (Aug revised to -57,000 from -54,000; July revised to 66,000 from -54,000. Net revisions: 15,000)
• Private Payrolls: +64,000
• Census: -77,000
• Local Government: -76,000
• Unemployment Rate: 9.6 percent (unchanged from August)
• Under-Employment Rate (marginally attached, part-time): 17.1 percent (up from 16.7 percent in August)
• Unemployed persons: 14.8 million
• Average Hourly Earnings: $22.67 (up $0.01 from Aug)
• Av Workweek: 34.2 hrs (unchanged for the third straight month)
• Long-term unemployed (jobless for 27 weeks and over): 6.123 million (more than double the previous record of 3M in the 1980s' recession)
• Health Care: +24,000
• Temporary Services: +17,000
• Construction: -21,000
• Total jobs lost since Dec 2007: 7.6 million

Recently, the International Labour Organisation estimated that global employment wouldn't return to pre-crisis levels until 2015. It's going to be a long slog...

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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