WASHINGTON (Nov. 7, 2008) — The unemployment rate for October rose from 6.1 to 6.5 percent, with non-farm payroll employment falling by 240,000, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
October´s drop in payroll employment followed declines of 127,000 in August and 284,000 in September, as revised by the bureau, which said employment has fallen by 1.2 million in the first 10 months of 2008. More than half of that decrease has occurred in the past three months.
In October, job losses continued in manufacturing, construction and several service-providing industries, the bureau noted, while the health care and mining industries continued to add jobs.
The government said the number of unemployed persons increased by 603,000 to 10.1 million. Over the past 12 months, the number of unemployed persons has increased by 2.8 million, and the unemployment rate has risen by 1.7 percentage points.
The unemployment rates for adult men (6.3 percent), adult women (5.3 percent), whites (5.9 percent), and Hispanics (8.8 percent) rose in October, the bureau reported, although the jobless rates for teenagers (20.6 percent) and African Americans (11.1 percent) changed little. It said the unemployment rate for Asians in last month was at the not-seasonally-adjusted rate of 3.8 percent.
Among the unemployed, according to the bureau, the number of persons who lost their jobs and did not expect to be recalled to work rose by 615,000 to 4.4 million in October. Over the past 12 months, the size of this group has increased by 1.7 million.