00:01
Each month, usually on the first friday of the month, the bureau of labor statistics releases the employment situation summary for the previous month.
00:08
Going to www .bbls .gov, we can find that latest report.
00:14
So you go to the homepage.
00:15
On the top of the page, you can select subjects tab, find unemployment, and then the national unemployment rate.
00:21
You'll find the employment situation summary under cps news resources on the left -hand side of the page.
00:26
We're going to look at how the current employment rate for a period compares to the rate for the month prior.
00:32
How does the current employment rate compare to the rate one year earlier? the unemployment rate in the u .s.
00:38
Declined to 4 .2 % in september.
00:41
Usa experienced a decline in unemployment by 0 .2 percentage points to 4 .2 % in september.
00:47
This decline in unemployment rate was due to a decline in the number of unemployed people.
00:52
In the month of september, the number of persons unemployed declined by 331 ,000 to 6 .8 million over the year.
01:00
A decline in employment figures is a positive implication for the economy's growth as unemployment reduction helps in adding more factors to the production process and contributing to the growth of the economy.
01:13
However, u .s...