Gov’t & Finance Workers Tie for Lowest Unemployment Rate
(CNSNews.com) -- Americans working for the government and in the finance industry had the lowest unemployment rates in September, according to data released today by the Bureau of Labor Statistics. In both industries the rate was 3.9%.
The unemployment rates in agriculture (9.4 percent) and in construction (8.5 percent) were more than twice the unemployment rates in government and finance.
The “financial activity” sector of the U.S. economy, according to the BLS, consists of establishments involved in banking, underwriting, investing, and pension programs. Unemployment in this sector has declined significantly since President Barack Obama took office in January 2009, when it was 7.1%.
The unemployment rate was 4.2 percent for government workers was in January 2009.