The Bureau of Labor Statistics reported today that96,000 jobs were created last month, slightly under economists’ projections for 125,000 jobs. The job creation numbers for both June and July were revised down, but the unemployment rate also ticked down to 8.1 percent.
40 percent of the unemployed have been looking for work for six months or more. This chart shows how much of a problem long-term unemployment continues to be:
Despite this, the federal government has been slowly rolling back its extended unemployment benefits program. Currently, only half the unemployed are collecting benefits at all, according to the National Employment Law Center:
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