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Both the unemployment rate, at 4.4%, and the number of unemployed people, at 7.6 million, changed little in September, the U.S. Bureau of Labor Statistics posted yesterday. These measures are higher than a year earlier under Trump 2.0, when the jobless rate was 4.1%, and the number of unemployed people was 6.9 million. Job losses occurred in transportation and warehousing and in federal government. (Read AutoInformed.com on: Trump Economics – Growth Slowing, Unemployment Rising)
Among the major worker groups, the unemployment rates for adult women (4.2%) and Asians (4.4%) increased in September. The jobless rates for adult men (4.0%), teenagers (13.2 %), Whites (3.8%), Blacks (7.5%), and Hispanics (5.5%) were stagnant with little or no change over the month.
The number of people employed part time for economic reasons, at 4.6 million, changed little in September. These individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs.
