SFA Research Corner
The headline unemployment rate fell to 8.4% in August as 1.4 million jobs were added. Improvements in the headline rate belie some troubling trends, namely a rise in the number of persons with permanent job loss and longer duration of unemployment. Click here to view the most recent SFA Research Corner.
Temporary layoffs decreased by 3.1 million as permanent job losers increased by 534,000. Persons jobless for 27 weeks or more grows 8% to 1.6 million
(Source: U.S. Bureau of Labor Statistics)