Sep 04, 2009
Unemployment hits 13.3 percent
04 Sep 2009
Posted by Andrew Kantor
The latest numbers from the Bureau of Labor Statistics are out. The U.S. unemployment rate (the percentage of the labor force that wants a job but does not have it) in August rose to 13.3%.
Labor force: 154,577,000. Unemployed: 20,537,000.
You can make the number look a little better by not counting the people who can no longer collect unemployment — then it’s only 9.7%. But we prefer realism. More than one out of eight Americans is out of a job.
On the bright side, the latest numbers from the Virginia Employment Commission, released September 1, show that Virginia’s unemployment rate is about half the national average: 6.9% in July from a 7.3% mark in June.