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US unemployment rate falls for younger workers

Created: 11/07/2014 3:52 PM WHEC.com
By: The Associated Press

WASHINGTON (AP) — Younger workers benefited from the October uptick in hiring.

While still high, the unemployment rate for teenagers fell to 18.6 percent from 20 percent in September as 266,000 of them landed jobs. The jobless rate for workers in their early 20s declined to 10.5 percent from 11.4 percent.

The overall U.S. unemployment rate fell 0.1 percentage point to 5.8 percent, its lowest level since July 2008. And employers surveyed by the government reported that they added 214,000 jobs overall in September.

The gains for younger workers came from a separate survey of households that is part of the Labor Department's monthly jobs data.

Unemployment rates fell for both men and women, but they rose for older workers and recent veterans.

Unemployment rate by group:
(Numbers in percentages)October 2014September 2014October 2013
White4.85.16.3
Black10.91113
Asian*5.04.35.2
Adult men5.15.36.9
Adult women5.45.56.4
Teenagers18.62022
20-24 years old10.511.412.2
25-54 years old4.94.96.3
55 and over4.13.95.4
Veterans of Iraq/Afghanistan*7.26.210
No high school diploma7.98.410.8
High school graduate5.75.37.3
Some college4.85.46.3
College graduate3.12.93.8
Duration of Unemployment:
Average length (weeks)32.731.536
Jobless 6 months of more (pct.)3231.936
* Not seasonally adjusted
Source: Labor Department

(Copyright 2014 by The Associated Press. All Rights Reserved.)



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