Nat’l unemployment rate falls to 8.1 %; 96,000 jobs added in August

While the Bureau of Labor Statistics data for August showed 96,000 jobs were created and the unemployment rate dipped to 8.1 percent, the seemingly positive news was overshadowed by the nagging factors of the high numbers of the “long-term” unemployed and a decline in manufacturing jobs.

The sectors that saw the largest jobs were food services and drinking places (plus 28,000), health care (plus 17,000 jobs) and professional and technical services (plus 11,000 jobs) and finance and insurance services (also a gain of 11,000 jobs).

In July, the unemployment rate was 8.3 percent.

Manufacturing, an industry which President Barack Obama spoke frequently about in his prime time speech Thursday at the Democratic National Convention, saw a loss of 15,000 jobs in August.

Also the numbers of long-term unemployed – or those who have been out of work for more than a half-year – remained unchanged at 5 million, and the unemployment rate among teens, African Americans and Hispanics remained high, at 24.6 percent, 14.1 percent and 10.2 percent respectively.

Nat’l unemployment rate falls to 8.1 %; 96,000 jobs added in August