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Key Points:
While unemployment remains low by historical standards, the unemployment rate rose to its highest level since 2021 in September.
- Additionally, workers are experiencing longer periods of unemployment.
- The U-1 rate, which covers workers unemployed for 15 or more weeks, also reached its highest level since 2021.
Unemployment, Seasonally Adjusted
Dashed Lines Indicate 2016 - 2019 Average Rates
97K private sector jobs were added in September as federal government employment fell for the 8th consecutive month.
- Excluding the U.S. Postal Service, the federal share of total nonfarm employment has fallen to its lowest level since 2008.
Federal Employment Excluding USPS, Seasonally Adjusted
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