Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

National Unemployment Stays Put at 9.6%

Stories like these are only possible with your help!
Your donation today keeps LAist independent, ready to meet the needs of our city, and paywall free. Thank you for your partnership, we can't do this without you.

With only 64,000 new private sector jobs last month, combined with 159,000 jobs cut in the government sector (about half of that is thanks to the U.S. Census Bureau letting go of 77,000 temporary employees), the national unemployment rate went unchanged last month, the federal government announced today. The news of a 9.6% unemployment rate will likely push the Federal Reserve to try to stimulate the economy, according to the Wall Street Journal. Today's announcement is the last before the November election.