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7.7 Percent

8:32 AM, Mar 8, 2013 • By DANIEL HALPER
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The Bureau of Labor Statistics reports on the latest jobs numbers:


Total nonfarm payroll employment increased by 236,000 in February, and the
unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor
Statistics reported today. Employment increased in professional and business
services, construction, and health care.

Household Survey Data

The unemployment rate edged down to 7.7 percent in February but has shown
little movement, on net, since September 2012. The number of unemployed
persons, at 12.0 million, also edged lower in February. (See table A-1.)

Among the major worker groups, the unemployment rate for whites (6.8 percent)
declined in February while the rates for adult men (7.1 percent), adult women
(7.0 percent), teenagers (25.1 percent), blacks (13.8 percent), and Hispanics
(9.6 percent) showed little or no change. The jobless rate for Asians was 6.1
percent (not seasonally adjusted), little changed from a year earlier. (See
tables A-1, A-2, and A-3.)

In February, the number of long-term unemployed (those jobless for 27 weeks
or more) was about unchanged at 4.8 million. These individuals accounted for
40.2 percent of the unemployed. (See table A-12.)

The employment-population ratio held at 58.6 percent in February. The civilian
labor force participation rate, at 63.5 percent, changed little. (See table A-1.)

The number of persons employed part time for economic reasons, at 8.0 million,
was essentially unchanged in February. These individuals were working part
time because their hours had been cut back or because they were unable to
find a full-time job. (See table A-8.)

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