U.S. jobless rate at 9.7%

Report: 216,000 jobs lost in August
WASHINGTON (AP) - September 4, 2009

The level of job cuts is less than July's upwardly revised total of 276,000 and is the lowest in a year. Analysts expected the unemployment rate to rise to 9.5 percent from July's 9.4 percent, and job reductions to total 225,000.

If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the so-called underemployment rate reached 16.8 percent, the highest on records dating from 1994.


More money-related links:
Copyright © 2021 WPVI-TV. All Rights Reserved.