The U.S. Bureau of Labor Statistics gathers its statistics from two major monthly surveys, the household survey and the establishment survey. The household survey measurers labor for status, including unemployment, by demographic characteristics. The establishment survey measures earnings and hours by different industries.
A survey of homes revealed that the unemployment rate for the month of September was 3.8%, indicating that there was no change from the measurement that was taken in August. The number of unemployed people has stayed relatively unchanged at approximately 6.4 million. Among the major demographic groups, the unemployment rate for Whites is 3.4%, the unemployment rate for Blacks is 5.9%, the unemployment rate for Asians is 2.8%, and the unemployment rate for Hispanics is 4.6%. There were 1.22 million people on the unemployment lists who had been without job for 27 weeks or longer as of the month of September. There are 4.1 million people currently working part-time jobs as a direct result of the situation of the economy.
The findings of an establishment survey revealed that the number of persons working on payrolls for non-farm establishments climbed by 336,000 during the month of September. This is a gain that is 20% more than the average, which is 267,000. The travel and hospitality industry was responsible for the creation of 96,000 new jobs in the economy. In this particular market, 61,000 has been approximately usual throughout the course of the previous year. The number of people employed in the food and service industries reached a new all-time high of 61,000 for the month, which is a number that has not been seen since before the pandemic hit in February of 2020. The number of government employees increased by 73,000, which is substantially greater than the monthly growth average of 47,000 personnel.
The median workweek for employees on private nonfarm payrolls was 34.4 hours, which resulted in an increase of 0.2 percent in their hourly income to $33.88. It is heartening to see a rise of 4.2% in average hourly wages when compared to the prior year. The hourly wage of production and nonsupervisory employees in the private sector increased by 0.2% to $29.06, and the average workweek length increased to 40.1 hours.
