US unemployment rate falls for younger workers

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In this photo taken Wednesday, July 16, 2014, job seekers check out the opportunities at a Hiring Fair For Veterans in Fort Lauderdale, Fla. The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Aug. 7, 2014. (AP Photo/Alan Diaz)

WASHINGTON (AP) — Though U.S. job growth slowed last month, the unemployment rate fell, especially for younger demographic groups.
Jobless rates also fell for recent war veterans and for high school graduates and dropouts.
Rates held steady or rose for nearly every other group.
The overall unemployment rate slipped to 6.1 percent in August from 6.2 percent in July, the Labor Department said Friday. This occurred even though employers added just 142,000 jobs, significantly below the 212,000 average over the previous 12 months.
So what caused the unemployment rate to drop wasn’t robust hiring. It was that more people either stopped working, abandoned their job search or never started it. In calculating the unemployment rate, the government counts as unemployed only people who are actively seeking jobs, so those departures caused the rate to fall.Unemployment rate by group:(Numbers in percentages)August 2014July 2014August 2013White5.35.36.4Black11.411.412.9Asian*4.54.55.1Adult men5.75.77Adult women5.75.76.2Teenagers19.620.222.620-24 years old10.611.312.825-54 years old5.35.26.355 and over4.64.55.1Veterans of Iraq/Afghanistan*8.19.210No high school diploma9.19.611.3High school graduate6.26.17.5Some college5.45.36.1College graduate3.23.13.5Duration of Unemployment:Average length (weeks)31.732.437Jobless 6 months of more (pct.)31.232.938* Not seasonally adjustedSource: Labor Department

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