Unemployment Rate Drops .2% in August, So Does Labor Force Participation Rate

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The unemployment dropped .2% in August to 8.1%, down 1% from last August and 1.5% from 2010. However, the employment-population ration dropped .1% to 58.3% and the labor force participation rate slipped .2% to 63.5%. Nonfarm payroll increased 96,000. Both the median and mean unemployment duration increased, by 1.3 weeks to 18 and .4 weeks to 39.2, respectively.

For more information, see our Employment Report.

–From the Bureau of Labor Statistics

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