Equitable Growth’s Jobs Day Graphs: September 2022 Report Edition

On October 7, the U.S. Bureau of Labor Statistics released new data on the U.S. labor market during the month of September. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data.

The employment rate for prime-age workers declined to 80.2 percent in September 2022 from 80.3 percent in August, with total nonfarm employment rising by 263,000.

Share of 25- to 54-year-olds who are employed, 2007–2022. Recessions are shaded.

The unemployment rate decreased to 3.5 percent in September and remains higher for Black workers (5.8 percent) and Latino workers (3.8 percent), compared to White workers (3.1 percent) and Asian American workers (2.5 percent).

U.S. unemployment rate by race, 2019–2022. Recessions are shaded.

Private-sector employment continued to rise in September, while public-sector employment declined slightly and remains below pre-pandemic levels.

U.S. public- and private-sector employment indexed to average employment in 2007

Nominal wage growth (not accounting for inflation) cooled in September, with average hourly earnings growth at 5 percent over the past 12 months.

Percent change in U.S. wages from previous year, as measured by two surveys. Recessions are shaded.

The number of unemployed workers decreased in September. The share who are unemployed due to job loss fell to 30.5 percent, and 13.3 percent have been temporarily laid off; 15.9 percent left their jobs, 32.4 percent are re-entering the labor force, and 7.9 percent are new entrants.

Percent of all unemployed workers in the United States by reason for unemployment, 2019–2022
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