A reminder today from the Bureau of Labor Statistics that while Washington races to address a crisis on Wall Street that’s only a few weeks old, Main Street has been in crisis for months — with no relief in sight.
BLS reports that September was the ninth straight month of job losses in the United States:
Nonfarm payroll employment declined by 159,000 in September, and the unemployment rate held ot 6.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Employment continued to fall in construction, manufacturing, and retail trade, while mining and health care continued to add jobs…
In September, the number of long-term unemployed (those jobless for 27 weeks or more) rose by 167,000 to 2.0 million, an increase of 728,000 over the past 12 months. The long-term unemployed accounted for 21.1 percent of total unemployment in September.