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BLS Analysis for Recruiters – October 2025 – 11/7/25

Bob Marshall’s October 2025 BLS Analysis for Recruiters; 11/7/25

DELAYED REPORT…

GOVERNMENT SHUTDOWN CONTINUES…

October BLS Coaching Preface

*Be sure to visit our New Website @ www.themarshallplan.org

**“HIRE WIRE” – The Podcast for Recruiters**

Continuing with this BLS report—and again thanks to Kevin Franks, our marketing guru—we will provide the monthly podcast for recruiters, “Hire Wire”, the deep dive that explores my report in a short, 15 minute or so, audio format. So, for those of you who have asked for a shorter summary, we now have that available. Just click on the following links and enjoy the audio.

Here is the link:  https://youtu.be/Nn_Qib6VPZs

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shows you what you don’t want to see,
so you can be who you’ve always known you could be.”
– Tom Landry

That’s what I do.


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THE PHONE RANG

All of the edition formats are available

“I received your book and am about 1/3rd of the way through it.

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Again, the book is just wonderful.”

–Tenured Recruiter, Boulder, Colorado

SPECIAL NOTICE

DELAYED EDITION

OCTOBER JOBS REPORT

October Business Articles

Most US firms lack hiring programs for older workers

SIA, Amrita Ahuja, November 4, 2025

Despite 74% of HR professionals reporting positive experiences working with older employees, 93% said their organizations lack formal or informal programs to recruit older workers, according to a study released Oct. 29 by the Society for Human Resource Management.

SHRM defines older workers as individuals aged 65 and over who are currently employed or self-employed full or part time.

Still, older workers continue to defy stereotypes. Eighty-one percent demonstrated a strong willingness to learn, 79% showed positive approaches to challenges and 60% expressed enthusiasm for growth, including embracing new technologies like artificial intelligence.

The survey found that while 17% of older adults are currently working, 60% of those reported no plans to retire. Already, 29% have returned to work after retiring.

Job satisfaction also remained strong among older workers. A majority, 91%, reported being satisfied with their jobs, while 87% felt engaged and 72% said they do not feel burned out.

The study also noted a gap between worker expectations and employer practices. While 55% of workers aged 18 to 54 believe flexible hours would better support older workers, only 32% of HR professionals offer them. Similarly, 44% of younger workers support wellness programs for age-related needs, yet only 16% of organizations provide such benefits.

When it comes to performance, 83% of HR professionals said older workers demonstrated exceptional loyalty, 82% said they bring specialized knowledge and skills that other age groups may lack, 76% said they foster age diversity within their organizations and 60% felt they have high levels of engagement.

SHRM noted that the population aged 65 and older represents the fastest-growing segment of the US workforce, now totaling 11,800,000 employed individuals — more than double the number from 30 years ago.

“Our latest research makes it clear: older workers are driving results. Their experience, adaptability, and eagerness to learn, especially with new technologies such as AI, are exactly what today’s organizations need,” Johnny C. Taylor, Jr., president and CEO of SHRM, said in a press release.

“If we ignore this talent pool, we’re leaving critical skills and institutional knowledge on the table at a time when these very skills are in such high demand. It’s time to rethink how we recruit and support the 65+ workforce — because when we do, everyone wins.”

SHRM’s survey of 1,912 US-based HR professionals was conducted from May 30 to June 6 using the SHRM Voice of Work Research Panel. A separate survey of 1,700 US-based adults aged 55 and older took place from June 23 to June 27, 2025, using a third-party online panel.

ADP releases preliminary jobs data amid government shutdown

SIA, Craig Johnson, October 28, 2025

ADP reported the number of US jobs rose by an average of 14,250 in the 4 weeks ending Oct. 11. The estimate is preliminary, but ADP announced that it is now releasing preliminary US jobs estimates each week. In addition, it will release comprehensive jobs data in its ADP National Employment Report on the first Wednesday of each month.

The announcement comes as the US government remains shut down and the US Bureau of Labor Statistics is not releasing its own jobs data.

ADP’s data is an independent measure of the labor market based on anonymized weekly payroll data of more than 26 million private-sector employees in the US.

“ADP’s near real-time employment data, released weekly, will now provide an even clearer picture of the labor market at this critical time for the economy,” ADP Chief Economist Nela Richardson said in a press release.

The full monthly ADP National Employment report will be released on Nov. 5.

This move also comes after ADP recently terminated its data-sharing collaboration with the US Federal Reserve. In the wake of that decision as well as the shutdown, staffing software firm Bullhorn said it would offer the Federal Reserve its own data from the SIA | Bullhorn Staffing Indicator, which is produced in collaboration with SIA.

“Data from third-party sources have been particularly valuable since the government shutdown began earlier this month, prompting the agencies that produce economic statistics to suspend official data releases,” according to an article by Bloomberg. “Other firms like LinkedIn Corp. and Revelio Labs also provide views on the job market.”

HR and finance leaders to expand international hiring

SIA, Amrita Ahuja, October 27, 2025

A majority of HR and finance leaders, 86%, plan to expand hiring outside their own countries within two years, and 48% expect international workers to make up half or more of their workforce by 2027, according to a new report by employer-of-record provider Pebl.

The report surveyed 423 human resources and finance leaders at the director level and above at midsize firms in the US, UK and Germany.

“Wage shock” in their own countries is prompting companies to send jobs abroad, according to the report. It noted in the US, 61% said wage inflation is pushing them to hire outside the country and 57% are speeding up overseas hiring.

“Companies that don’t build borderless teams will fall behind. It’s as simple as that,” Pebl CEO Francoise Brougher said in a press release. “Wage inflation, AI skill scarcity, and regulatory complexity — from rising H1–B visa costs to compliance hurdles — are all making it difficult for companies to hit their growth goals.”

In addition to wage shock, 28% of US leaders reported visa bottlenecks as a driver for hiring outside the country. That compares with 18% in the UK and Germany. A new $100,000 fee on H-1B visas has been put in place in the US.

Companies are also looking for skills such as AI; 52% are reskilling or upskilling teams to work with AI. In addition, 51% are hiring more AI-skilled talent both within their own countries and internationally. US firms are sourcing AI talent from Southeast Asia, 42%; Latin America, 39%; and Western Europe, 24%.

The survey took place between July 29 and Aug. 20. Results were weighted to be representative by country.

White-collar vacancies jump 18% globally, India tops growth

SIA, Danny Romero, October 24, 2025

Global professional job vacancies across the world’s largest businesses rose 18% in September 2025 compared to the same month last year, according to the latest Robert Walters global jobs index, in partnership with Vacancysoft.

The report cautioned that hiring activity ticked slightly downward (-1%) in September versus August, signalling that, while confidence has improved from 2024 levels, employers continue to proceed with caution.

“The year-on-year rise shows progress from a slower 2024, but the minimal short-term movement reflects that we continue to be in a more measured phase of the hiring cycle,” Toby Fowlston, CEO of Robert Walters said in a press release. “There is still appetite for skilled professionals, but organisations are approaching recruitment with discipline – investing in the right people, rather than simply adding numbers.”

On a year-on-year basis, the technology, media & telecom (TMT) sector led growth (28%), followed by financial services (15%) and healthcare (3%).

India continues to lead global growth, with vacancies up 38% year-on-year, supported by strong hiring in financial services (45%) and steady TMT demand (7%).

“India’s hiring landscape reflects confidence in its long-term growth story,” added Fowlston. “The continued expansion in financial services shows how both domestic and global firms are building out capability there, particularly in analytics, digital banking, and operations.”

The US recorded a 21% increase in overall vacancies compared to September 2024, led by demand in technology and healthcare.

“In the US, it’s clear that technology hiring is evolving rather than expanding,” Fowlston added. “Even as parts of the tech industry restructure, demand for expertise in AI, machine learning, and cloud technologies is creating new opportunities and shaping the next phase of digital hiring.”

The UK also recorded an 18% increase in vacancies compared to last year, primarily driven by TMT (+22%) and financial services (+19%). “The UK market has regained some momentum over the past year with fintech and emerging technologies such as cybersecurity and AI driving much of the demand,” Fowlston said. “Broader hiring remains measured, but we’re seeing investment in roles that strengthen digital capability and client delivery.”

In contrast, Germany saw declines with vacancies down -10% compared to last year, with financial services the weakest performer.

On a monthly basis, financial services hiring rose slightly (+2%), and healthcare posted the largest month-on-month increase (+16%), while technology saw a small pullback (-5%) following earlier gains.

Looking ahead, the data suggests that hiring has settled into a period of measured stability. While activity is higher than in 2024, month-to-month movement remains limited as employers continue to prioritise specialist and business-critical hires.

“Employers are hiring, but they’re doing so with intent and restraint,” Fowlston continued. “As we move into the final quarter of the year, we expect this balanced approach to continue, with growth focused in high-value sectors and roles that drive operational performance.”

AI training gap emerges, poll says

SIA, Amrita Ahuja, October 24, 2025

Amid rapid AI adoption and automation, a critical training gap is emerging, according to a survey released Oct. 22 by Express Employment Professionals.

It found 72% of US hiring managers reported their companies use AI, up from 66% in a survey conducted last fall. However, 55% admitted they lack the resources or training to help employees use it effectively.

The survey found that 76% of hiring decision-makers agree that training employees on AI is essential for success, yet readiness remains limited for both employers and workers.

More than half of employed job seekers, 54%, expressed concern that their companies lack resources or training.

While 75% of job seekers believe that training is essential for companies to succeed, 64% worry that AI will significantly limit job opportunities and 47% fear their job could get eliminated entirely.

“AI is advancing at an unprecedented pace, but success isn’t measured by speed alone. It’s about balance,” Express Employment International CEO, President and Chairman Bob Funk Jr. said in a press release.

Concerns are highest among Generation Z workers and lower-income workers, at 74% and 70%, respectively. Gender differences also emerged, with 52% of employed men compared to 43% of women fearing their jobs could be replaced by AI.

Beyond job loss, workers worry about skill erosion. Thirty-seven percent said employees will put in less effort, 37% worry about losing creativity, 36% foresee weaker problem-solving, 35% cite skill development loss and 32% predict weaker collaboration.

Even as concerns rise, job seekers are leveraging AI to get ahead. Most said it is appropriate to use generative AI for key steps in the job hunt, including:

Drafting résumés and cover letters, 82%

Creating professional headshots, 69%

Answering interview questions in real time, 53%

“The key is to harness AI efficiently while preserving the human qualities that drive creativity, judgment and collaboration. Technology should amplify human potential, not replace it,” Funk said.

The Job Insights survey includes responses from 1,000 US hiring decision-makers. It was conducted from June 2 to June 28.  The Job Seeker Report includes responses from 1,000 adults aged 18 and older and took place from June 12 to June 27.

Robert Half cites encouraging trends in Q3 earnings

SIA, Craig Johnson, October 23, 2025

Clients and job seekers remained cautious during the third quarter, professional staffing provider Robert Half reported in a press release. Revenue fell 7.5% to $1.35 billion. However, the firm noted encouraging trends ahead.

The company forecast fourth-quarter revenue to grow sequentially for the first time since the second quarter of 2022 when measured on a same-day, constant currency basis, President and CEO M. Keith Waddell said in a conference call with analysts. The increase is based on the midpoint of guidance and above.

Waddell also pointed to other trends.

“While the macroeconomic backdrop is generally unchanged, we are seeing some early signs of improvement as trade policy volatility becomes business as usual and the probability of multiple interest rate cuts rises,” he said.

The company is also having more client discussions about areas where staffing was previously deferred.

“While overall hiring and quit rates remain low, job openings continue to trend well above historical averages — signaling strong pent-up demand for talent,” Waddell said.

US workers likely to ‘job hug’ over next 6 months

SIA, Amrita Ahuja, October 8, 2025

The Eagle Hill Consulting Employee Retention Index rose to 105.8 in the third quarter, its highest level to date, signaling that US workers are likely to “job hug” and remain in their current jobs over the next 6 months.

The index measures shifts in workforce retention based on employee sentiment surveys about factors influencing job changes. An increase in the index suggests stronger retention, while a decline indicates higher turnover risk.

“The historic highs we’re seeing across the Retention Index tell a compelling story: employees are more inclined to job-hug than at any point since we began tracking this data,” Eagle Hill Consulting President and CEO Melissa Jezior said in a press release.

“The data indicate that workers are staying because they feel increasingly satisfied with their organizational culture and compensation,” Jezior said. “Workers also indicate they are more confident in their organization’s leadership and ability to navigate a complex business environment.”

The index’s four sub-indices — culture, compensation, organizational confidence and job market opportunity — improved in September, marking a turning point in worker sentiment.

The compensation indicator saw the strongest gain, rising 6.5 points to a record 109.9, reflecting growing satisfaction with compensation, benefits and perceived ability to grow earnings at their organization.

The organizational confidence indicator, which measures the employees’ confidence in their organization’s future and leadership, rose 3.2 points to a record high of 104.7.

The culture indicator increased 2.4 points to 103.1, indicating stronger feelings of connection, recognition and value at work.

The job market opportunity indicator, which measures employees’ perceived external prospects for employment and job security in the near term, was up 5.8 points to 101 in the third quarter.

Despite the overall upward movement, sentiment varied across demographics. The index rose significantly among millennial workers and women, up 8.9 and 6.9 points, respectively, both record highs, indicating stronger retention over the next six months.

Conversely, the index declined by 4.7 points among Gen X workers and 0.8 points among men, indicating high turnover risk in the months ahead.

The Eagle Hill Consulting Employee Retention Index is based on a monthly omnibus survey conducted by IPSOS of a nationally representative sample of US adults employed full or part-time. Quarterly indices and reports are issued based on a minimum of 1,200 aggregated responses per quarter. The latest data was collected from July to September.

ADP National Employment Report: Private Sector Employment Increased by 42,000 Jobs in October; Annual Pay was Up 4.5%

ROSELAND, N.J. – November 5, 2025

Private sector employment increased by 42,000 jobs in October and pay was up 4.5% year-over-year, according to the October ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).

The ADP National Employment Report is an independent measure of the labor market based on anonymized weekly payroll data of more than 26,000,000 private-sector employees in the United States.

ADP’s Pay Insights captures over 15,000,000 individual pay change observations each month. Together, the jobs report and pay insights use ADP’s fine-grained data to provide a representative and high-frequency picture of the private-sector labor market.

*The September total number of jobs added was revised from -32,000 to -29,000.

“Private employers added jobs in October for the first time since July, but hiring was modest relative to what we reported earlier this year,” said Dr. Nela Richardson, chief economist, ADP. “Meanwhile, pay growth has been largely flat for more than a year,

indicating that shifts in supply and demand are balanced.”

JOBS REPORT

Private employers added 42,000 jobs in October.

Last month delivered a rebound from 2 months of weak hiring, but the bounce wasn’t broad-based. Education and healthcare, and trade, transportation, and utilities led the growth. For the third straight month, employers shed jobs in professional business services, information, and leisure and hospitality.

Change in U.S. Private Employment: 42,000

Change by Industry

Goods-producing: 9,000

Natural resources/mining 7,000

Construction 5,000

Manufacturing <-3,000>

Service-providing: 33,000

Trade/transportation/utilities 47,000

Information <-17,000>

Financial activities 11,000

Professional/business services <-15,000>

Education/health services 26,000

Leisure/hospitality <-6,000>

Other services <-13,000>

Change by U.S. Regions

Northeast: <-12,000>

New England 7,000

Middle Atlantic <-20,000>

Midwest: 9,000

East North Central 2,000

West North Central 7,000

South: 6,000

South Atlantic <-8,000>

East South Central 11,000

West South Central 3,000

West: 40,000

Mountain 2,000

Pacific 37,000

Change by Establishment Size

Small establishments: <-10,000>

1-19 employees <-15,000>

20-49 employees 6,000

Medium establishments: <-21,000>

50-249 employees <-25,000>

250-499 employees 3,000

Large establishments: 73,000

500+ employees 73,000

PAY INSIGHTS

Pay growth was unchanged in October

Year-over-year pay growth was flat in October from the month prior, at 4.5% for job-stayers and 6.7% for job changers.

Median Change in Annual Pay

Job-Stayers 4.5%

Job-Changers 6.7%

Median Change in Annual Pay for Job-Stayers by Industry

Goods-producing:

Natural resources/mining 4.3%

Construction 4.5%

Manufacturing 4.8%

Service-providing:

Trade/transportation/utilities 4.3%

Information 4.3%

Financial activities 5.2%

Professional/business services 4.2%

Education/health services 4.4%

Leisure/hospitality 4.6%

Other services 4.1%

Median Change in Annual Pay for Job-Stayers by Firm Size

Small firms:

1-19 employees 2.5%

20-49 employees 4.1%

Medium firms:

50-249 employees 4.7%

250-499 employees 4.8%

Large firms:

500+ employees 4.9%

The November 2025 ADP National Employment Report will be released on December 3, 2025, at 8:15 a.m. ET.

Bottom-line: To my audience of recruiters, always remember this: Our bread and butter’, especially on the contingency side of the house, has historically been, and continues to be, small and medium-sized client companies.  Along with the large companies, these companies need to be included in your niche!

Job Openings and Labor Turnover – August 2025

September 30th, 2025                     

The number of job openings was unchanged at 7,200,000 in August, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5,100,000. Within separations, both quits (3,100,000) and layoffs and discharges (1,700,000) were little changed. 

This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job openings include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month.

Job Openings

The number and rate of job openings were unchanged at 7,200,000 and 4.3%, respectively, in August. The number of job openings decreased in construction (-115,000) and in federal government (-61,000).

Hires

In August, the number and rate of hires were little changed at 5,100,000 and 3.2%, respectively. Hires were little changed in all industries.

Separations

Total separations include quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations include separations due to retirement, death, disability, and transfers to other locations of the same firm.

In August, the number and rate of total separations were little changed at 5,100,000 and 3.2%, respectively. The number of total separations decreased in accommodation and food services (-113,000) and in arts, entertainment, and recreation (-48,000). Total separations increased in state and local government, excluding education (+27,000).

In August, the number and rate of quits were little changed at 3,100,000 and 1.9%, respectively. The number of quits decreased in accommodation and food services

(-140,000) and in arts, entertainment, and recreation (-22,000). Quits increased in construction (+56,000).

The number of layoffs and discharges in August was little changed at 1,700,000 and the rate remained unchanged at 1.1%. Layoffs and discharges decreased in wholesale trade

(-36,000) and in federal government (-4,000).

The number of other separations was little changed at 295,000 in August.

Establishment Size Class

In August, establishments with 1 to 9 employees and establishments with 5,000 or more employees showed little or no change in job openings, hires, and separations rates.

July 2025 Revisions

The number of job openings for July was revised up by 27,000 to 7,200,000, the number of hires was revised down by 68,000 to 5,200,000, and the number of total separations was revised down by 68,000 to 5,200,000. Within separations, the number of quits was revised down by 42,000 to 3,200,000, and the number of layoffs and discharges was revised down by 21,000 to 1,800,000. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

____________

The Job Openings and Labor Turnover Survey estimates for September 2025 are scheduled to be released on Tuesday, November 4, 2025, at 10:00 a.m. (ET).

As we recruiters know, that 7,200,000 number only represents 20% of the jobs currently available in the marketplace.  The other 80% of job openings are unpublished and are filled through networking or word of mouth or by using a RECRUITER.   So, those 7,200,000 published job openings now become a total of 36,000,000 published and hidden job orders.

Online Labor Demand Increased in August 2025

September 10, 2025

The Conference Board−Lightcast Help Wanted OnLine® (HWOL) Index increased in August 2025 to 110.9 (July 2018=100), up from a downwardly revised 109.7 in July. The 1.0% increase between August and July followed a 2.4% decrease between July and June. Overall, the Index is down 5.1% from one year ago.

The HWOL Index measures the change in advertised online job vacancies over time, reflecting monthly trends in employment opportunities across the US. The Help Wanted OnLine® Index is produced in collaboration with Lightcast, the global leader in real-time labor market data and analysis. This collaboration enhances the Help Wanted OnLine® program by providing additional insights into important labor market trends.

PROGRAM NOTES

The June 2025 data release reflects an update to our job board coverage as a few job boards made changes to their access policy. To minimize any impact, and improve and supplement our job board coverage, we have broadened and updated our job board coverage.

Prior to 2020, The Conference Board constructed the HWOL Index based solely on online job ads over time. Using a methodology designed to reduce non-economic volatility contributed by online job sources, the HWOL Index served an effective measure of changes in labor demand over time.

Beginning January 2020, the HWOL Index was refined as an estimate of change in job openings (based on BLS JOLTS), using a series of econometric models which incorporate job ads with other macroeconomic indicators such as employment and aggregate hours worked. By adopting a modeled approach which combines other data sources with data on online job ads, the HWOL Index more accurately tracks important movements in the labor market.

HWOL Annual Revision

With the April 2025 press release, the HWOL program has incorporated its annual revision, which helps ensure the accuracy and consistency of the HWOL Data Series. This year’s annual revision includes updates to the Occupational coding and the Geographical coding for the HWOL Data Series from January 2015-forward. The HWOL Index has also been updated from January 2020-forward.

The Conference Board-Lightcast Help Wanted OnLine® (HWOL) Index measures changes over time in advertised online job vacancies, reflecting monthly trends in employment opportunities across the US. The HWOL Data Series aggregates the total number of ads available by month from the HWOL universe of online job ads. Ads in the HWOL universe are collected in real-time from over 50,000 online job domains including traditional job boards, corporate boards, social media sites, and smaller job sites that serve niche markets and smaller geographic areas.

Like The Conference Board’s long-running Help Wanted Advertising Index of print ads (which was published for over 55 years and discontinued in July 2008), Help Wanted OnLine® measures help wanted advertising, i.e. labor demand. The HWOL Data Series began in May 2005 and was revised in December 2018. With the December 2018 revision, The Conference Board released the HWOL Index, improving upon the HWOL Data Series’ ability to assess local labor market trends by reducing volatility and non-economic noise and improving correlation with local labor market conditions

In 2019, Lightcast (formerly Emsi Burning Glass) joined the Help Wanted OnLine® program as the new sole provider of online job ad data for HWOL. With this partnership, the HWOL Data Series has been revised historically to reflect a new universe and methodology of online job advertisements and therefore cannot be used in conjunction with the pre-revised HWOL Data Series. The HWOL Data Series begins in January 2015 and the HWOL Index begins in December 2005. HWOL Index values prior to 2020 are based on job ads collected by CEB, Inc.

Those using this data are urged to review the information on the database and methodology available on The Conference Board website and contact us with questions and comments.

About The Conference Board

The Conference Board is the member-driven think tank that delivers Trusted Insights for What’s Ahead®. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

About Lightcast

As the global leader in labor market analytics, Lightcast illuminates the future of work with data-driven talent strategies. Formerly Emsi Burning Glass, Lightcast finds purpose in sharing the insights that build communities, educators, and companies, and takes pride in knowing our work helps others find fulfillment, too. Headquartered in Boston, Massachusetts, and Moscow, Idaho, Lightcast is active in more than 30 countries and has offices in the United Kingdom, Italy, New Zealand, and India. Lightcast is backed by global private equity leader KKR.

The next release for September 2025 is Wednesday, October 8, 2025

U-6 Update

The U-6 unemployment rate (found in the monthly BLS Employment Situation Summary, Table A-15; Table A-12 in 2008 and before) counts not only people without work seeking full-time employment (the more familiar U-3 rate) but also counts “marginally attached workers and those working part-time for economic reasons.”  Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week.  And the “marginally attached workers” include those who have gotten discouraged and stopped looking but still want to work.  The age considered for this calculation is 16 years and over.

Here is a look at the October U-6 numbers for the previous 22 years:

October                       2024                            7.7%

October                       2023                            7.2%

October                       2022                            6.7%

October                       2021                            8.2%

October                       2020                            12.1%

October                       2019                            6.9%

October                       2018                            7.5%

October                       2017                            8.0%

October                       2016                            9.5%

October                       2015                            9.8%

October                       2014                            11.5%

October                       2013                            13.7%

October                       2012                            14.5%

October                       2011                            16.0%

October                       2010                            17.0%

October                       2009                            17.4%

October                       2008                            12.0%

October                       2007                            8.4%

October                       2006                            8.1%

October                      2005                            8.6%

October                       2004                            9.7%

October                       2003                            10.2%

The unemployment rate is also published by the BLS.  That rate is found by dividing the number of unemployed by the total civilian labor force.

The unemployment rate includes all types of workers—construction workers, government workers, etc.  We recruiters, on the other hand, mainly place management, professional and related types of workers. Or you can look at it another way.  We usually place people who have college degrees.

The OCTOBER 2025 BLS Analysis

DELAYED…

The unemployment rate is also published by the BLS.  That rate is found by dividing the number of unemployed by the total civilian labor force. 

The unemployment rate includes all types of workers—construction workers, government workers, etc.  We recruiters, on the other hand, mainly place management, professional and related types of workers. Or you can look at it another way.  We usually place people who have college degrees.

Now stay with me a little longer.  This gets better.  It’s important to understand (and none of the pundits mention this) that the unemployment rate, for many reasons, will never be 0%, no matter how good the economy is.  Without boring you any more than I have already, let me add here that Milton Friedman (the renowned Nobel Prize-winning economist), is famous for the theory of the “natural rate of unemployment” (or the term he preferred, NAIRU, which is the acronym for Non-Accelerating Inflation Rate of Unemployment).  Basically, this theory states that full employment presupposes an ‘unavoidable and acceptable’ unemployment rate of somewhere between 4-6% with it.  Economists often settle on 5%, although the “New Normal Unemployment Rate” has been suggested to fall at 6.7%.

Nevertheless (if you will allow me to apply a ‘macro’ concept to a ‘micro’ issue), if this rate is applied to our main category of Management, Professional and Related types of potential recruits, and/or our other main category of College-Degreed potential recruits,

we are well below the 4-6% threshold for full employment…we find no unemployment!  None!  Zilch!  A Big Goose Egg! 

THE IMPORTANCE OF GDP

“The economic goal of any nation, as of any individual, is to get the greatest results with the least effort.  The whole economic progress of mankind has consisted in getting more production with the same labor…Translated into national terms, this first principle means that our real objective is to maximize production.  In doing this, full employment—that is, the absence of involuntary idleness—becomes a necessary by-product.  But production is the end, employment merely the means.  We cannot continuously have the fullest production without full employment.  But we can very easily have full employment without full production.”

–Economics in One Lesson, by Henry Hazlitt, Chapter X, “The Fetish of Full Employment”

On September 25th, the real gross domestic product (GDP) increased at an annual rate of 3.8% in the second quarter of 2025 (April, May, and June), according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter real GDP decreased 0.6% (revised).

The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports.

Real GDP was revised up 0.5% from the second estimate, primarily reflecting an upward revision to consumer spending.

Compared to the first quarter, the upturn in real GDP in the second quarter primarily reflected a downturn in imports and an acceleration in consumer spending that were partly offset by a downturn in investment.

Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment, increased 2.9% in the second quarter, revised up 1.0% from the previous estimate.

From an industry perspective, the increase in real GDP reflected increases of 10.2% in real value added for private goods-producing industries and 3.5% for private services-producing industries that were partly offset by a decrease of 3.2% in real value added for government.

Real gross output increased 1.2% in the second quarter, reflecting increases of 0.6% for private goods-producing industries and 1.7% for private services-producing industries that were partly offset by a decrease of 0.7% for government.

The price index for gross domestic purchases increased 2.0% in the second quarter, revised up 0.2% from the previous estimate. The personal consumption expenditures (PCE) price index increased 2.1%, revised up 0.1%. Excluding food and energy prices, the PCE price index increased 2.6%, also revised up 0.1%.

Real gross domestic income (GDI) increased 3.8% in the second quarter, revised down 1.0% from the previous estimate. The average of real GDP and real GDI increased 3.8%, revised down 0.2%.

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $6.8 billion in the second quarter, a downward revision of $58.7 billion.

Annual Update of the National Economic Accounts

Today’s release presents results from the 2025 annual update of the National Economic Accounts, which include the National Income and Product Accounts and the Industry Economic Accounts. The update covered the first quarter of 2020 through the first quarter of 2025 and resulted in revisions to GDP, GDP by industry, GDI, and their major components. The reference year remains 2017.

The updated estimates show that real GDP increased at an average annual rate of 2.4% from 2019 to 2024, the same as previously published. Over the same period, real GDI increased at an average annual rate of 2.3%, also the same as previously published. The average of real GDP and real GDI over the same period was 2.4%, 0.1% higher than previously published.

For the period of economic contraction from the fourth quarter of 2019 through the second quarter of 2020, real GDP decreased at an annual rate of 17.4%, revised up 0.1%. For the period of economic expansion from the second quarter of 2020 through the first quarter of 2025, real GDP increased at an annual rate of 4.5%, the same as previously published.

Updates for the First Quarter of 2025

For the first quarter of 2025, real GDP is now estimated to have decreased 0.6%, a downward revision of 0.1% from the previously published estimate, reflecting downward revisions to investment, government spending, and exports that were partly offset by an upward revision to consumer spending. Imports were revised up.

Real final sales to private domestic purchasers is now estimated to have increased 1.9% in the first quarter, the same as previously published.

From an industry perspective, real value added for private goods-producing industries is now estimated to have decreased 5.9% in the first quarter, a downward revision of 3.1%. Private services-producing industries increased 0.4%, an upward revision of 0.7%. Government increased 1.2%, a downward revision of 0.8%.

Real gross output is now estimated to have increased 0.6%, the same as previously published. Private goods-producing industries decreased 0.9%, a downward revision of 0.3%. Private services-producing industries increased 1.3%, an upward revision of 0.2%. Government decreased 0.8%, a downward revision of 0.2%.

The price index for gross domestic purchases is now estimated to have increased 3.1% in the first quarter, a downward revision of 0.3%. The PCE price index increased 3.4%, also revised down 0.3%. Excluding food and energy, the PCE price index increased 3.3%, revised down 0.2%.

Real GDI is now estimated to have increased 1.0% in the first quarter; in the previously published estimates, first-quarter GDI was estimated to have increased 0.2%. The leading contributors to the upward revision were corporate profits, based primarily on updated data from the Census Bureau’s Quarterly Financial Report, and compensation, based primarily on new first-quarter wage and salary estimates from the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages. The average of real GDP and real GDI is now estimated to have increased 0.2% in the first quarter; in the previously published estimates, the average of GDP and GDI was estimated to have decreased 0.1%.

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) is now estimated to have decreased $47.8 billion in the first quarter, an upward revison of $42.8 billion.

Technical Notes

Sources of revisions to real GDP in the third estimate

Real GDP increased at an annual rate of 3.8% (0.9% at a quarterly rate1) in the second quarter, an upward revision of 0.5% from the previous estimate, primarily reflecting an upward revision to consumer spending that was partly offset by a downward revision to exports. Imports decreased less than in the previous estimate.

  • The upward revision to consumer spending reflected an upward revision to services that was partly offset by a downward revision to goods. Within services, the largest contributors were transportation services as well as financial services and insurance, based on new and revised second-quarter data from the Census Bureau Quarterly Services Survey. Within goods, the largest contributor was motor vehicles and parts (mainly new and used light trucks), based on updated Wards Automotive unit sales and IHS-Polk registrations data.
  • For both exports and imports, the revised estimates primarily reflected updated data from BEA’s International Transactions Accounts. Within exports, the downward revision was mainly to goods. Within imports, an upward revision to services was partly offset by a downward revision to goods.

*          *          *

Next release: October 30, 2025, at 8:30 a.m. EDT
Gross Domestic Product (Advance Estimate)
3rd Quarter 2025

IT IS IMPOSSIBLE FOR UNEMPLOYMENT EVER TO BE ZERO

‘Unemployment’ is an emotional ‘trigger’ word…a ‘third rail’, if you will.  It conjures up negative thoughts.  But it is important to realize that, while we want everyone who wants a job to have the opportunity to work, unemployment can never be zero and, in fact, can be disruptive to an economy if it gets too close to zero.  Very low unemployment can actually hurt the economy by creating an upward pressure on wages which invariably leads to higher production costs and prices.  This can lead to inflation.  The lowest the unemployment rate has been in the US was 2.5%.  That was in May and June 1953 when the economy overheated due to the Korean War.  When this bubble burst, it kicked off the Recession of 1953.  A healthy economy will always include some percentage of unemployment.

There are five main sources of unemployment:

1.  Cyclical (or demand-deficient) unemployment – This type of unemployment fluctuates with the business cycle.  It rises during a recession and falls during the subsequent recovery.  Workers who are most affected by this type of unemployment are laid off during a recession when production volumes fall, and companies use lay-offs as the easiest way to reduce costs.  These workers are usually rehired, some months later, when the economy improves.

2.  Frictional unemployment – This comes from the normal turnover in the labor force.  This is where new workers are entering the workforce and older workers are retiring and leaving vacancies to be filled by the new workers or those re-entering the workforce.  This category includes workers who are between jobs.

3.  Structural unemployment – This happens when the skills possessed by the unemployed worker don’t match the requirements of the opening—whether those be in characteristics and skills or in location.  This can come from new technology or foreign competition (e.g., foreign outsourcing).  This type of unemployment usually lasts longer than frictional unemployment because retraining, and sometimes relocation, is involved.  Occasionally jobs in this category can just disappear overseas.

4.  Seasonal unemployment – This happens when the workforce is affected by the climate or time of year.  Construction workers and agricultural workers aren’t needed as much during the winter season because of the inclement weather.  On the other hand, retail workers experience an increase in hiring shortly before, and during, the holiday season, but can be laid off shortly thereafter.

5.  Surplus unemployment – This is caused by minimum wage laws and unions.  When wages are set at a higher level, unemployment can often result.  Why?  To keep within the same payroll budget, the company must let go of some workers to pay the remaining workers a higher salary.

Other factors influencing the unemployment rate:

1.  Length of unemployment – Some studies indicate that an important factor influencing a worker’s decision to accept a new job is directly related to the length of the unemployment benefit they are receiving.  Currently, workers in most states are eligible for up to 26 weeks of benefits from the regular state-funded unemployment compensation program.

Extended Benefits are available to workers who have exhausted regular unemployment insurance benefits during periods of high unemployment. The basic Extended Benefits program provides up to 13 additional weeks of benefits when a State is experiencing high unemployment. Some States have also enacted a voluntary program to pay up to 7 additional weeks (20 weeks maximum) of Extended Benefits during periods of extremely high unemployment.

Studies suggest that additional weeks of benefits reduce the incentive of the unemployed to seek and accept less-desirable jobs.

2.  Changes in GDP – Since hiring workers takes time, the improvement in the unemployment rate usually lags the improvement in the GDP.

WHERE RECRUITERS PLACE

Now back to the issue at hand, namely the recruiting, and placing, of professionals and those with college degrees.

If you look at the past 25 years of unemployment in the October “management, professional and related” types of worker category, you will find the following rates:

October                       2024                            2.3%

October                       2023                            1.9%

October                       2022                            2.0%

October                       2021                            2.2%

October                       2020                            3.7%

October                       2019                            1.8%

October                       2018                            1.9%

October                       2017                            2.1%

October                       2016                            2.5%

October                       2015                            2.2%

October                       2014                            2.7%

October                       2013                            3.4%

October                       2012                            3.8%

October                       2011                            4.4%

October                       2010                            4.5%

October                       2009                            4.7%

October                      2008                            3.0%

October                       2007                            2.0%

October                       2006                            1.9%

October                       2005                            2.2%

October                       2004                            2.4%

October                       2003                            2.9%

October                       2002                            2.8%

October                       2001                            2.7%

October                       2000                            1.7%

Here are the rates, during those same time periods, for “college-degreed” workers:

October                       2024                            2.5%

October                       2023                            2.1%

October                       2022                            1.9%

October                       2021                            2.4%

October                       2020                            4.2%

October                       2019                            2.1%

October                       2018                            2.0%

October                       2017                            2.0%

October                       2016                            2.6%

October                       2015                            2.5%

October                       2014                            3.0%

October                       2013                            3.8%

October                        2012                            3.7%

October                       2011                            4.4%

October                       2010                            4.7%

October                       2009                            4.7%

October                        2008                            3.1%

October                       2007                            2.1%

October                       2006                            1.9%

October                       2005                            2.3%

October                       2004                            2.5%

October                       2003                            3.1%

October                       2002                            3.0%

October                       2001                            2.7%

October                       2000                            1.6%

These unemployment numbers usually include a good number of job hoppers, job shoppers and rejects.  We, on the other hand, are engaged by our client companies to find those candidates who are happy, well-appreciated, making good money and currently working and we entice them to move for even better opportunities—especially where new technologies are expanding.  This will never change.  And that is why, no matter the overall unemployment rate, we still need to MARKET to find the best possible job orders to work and we still need to RECRUIT to find the best possible candidates for those Job Orders.

Below are the numbers for the over 25-year old’s:

Less than H.S. diploma – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
7.7%7.4%8.2%7.9%8.4%8.9%8.6%9.7%9.8%10.4%10.6%10.9%
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
12.0%12.6%13.3%14.8%15.5%15.5%15.4%15.6%15.0%15.5%15.0%15.3%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
15.2%15.6%14.5%14.7%15.0%14.1%13.8%14.0%15.4%15.3%15.7%15.3%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
14.2%13.9%13.7%14.6%14.7%14.3%15.0%14.3%14.0%13.8%13.2%13.8%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
13.1%12.9%12.6%12.5%13.0%12.6%12.7%12.0%11.3%12.2%12.2%11.7%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
12.0%11.2%11.1%11.6%11.1%10.7%11.0%11.3%10.3%10.9%10.8%9.8%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
9.6%9.8%9.6%8.9%9.1%9.1%9.6%9.1%8.4%7.9%8.5%8.8%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
8.5%8.4%8.6%8.6%8.6%8.2%8.3%7.7%7.7%7.3%6.8%6.7%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
7.4%7.3%7.4%7.5%7.1%7.5%6.3%7.2%8.5%7.3%7.9%7.9%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
7.3%7.9%6.8%6.5%6.1%6.4%6.9%6.0%6.5%5.7%5.2%6.3%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
5.4%5.7%5.5%5.9%5.4%5.5%5.1%5.7%5.5%6.0%5.6%5.8%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
5.7%5.3%5.9%5.4%5.4%5.3%5.1%5.4%4.8%5.6%5.3%5.2%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
5.5%5.7%6.8%21.2%19.9%16.6%15.4%12.6%10.7%9.9%9.2%9.8%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
9.1%10.1%8.2%9.3%9.1%10.2%9.5%7.8%7.9%7.4%5.7%5.2%
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
6.3%4.3%5.2%5.4%5.2%5.8%5.9%6.2%5.6%6.3%4.4%5.0%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
4.5%5.8%4.8%5.4%5.7%6.0%5.2%5.4%5.5%5.8%6.3%6.0%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
6.0%6.1%4.9%6.0%5.9%5.9%6.7%7.1%6.8%6.6%6.0%5.6%
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
5.2%6.0%5.8%6.1%5.5%5.8%5.5%6.7%    

H.S. Grad; no college – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
4.6%4.7%5.1%5.0%5.2%5.2%5.3%5.8%6.3%6.5%6.9%7.7%
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
8.1%8.3%9.0%9.3%10.0%9.8%9.4%9.7%10.8%11.2%10.4%10.5%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
10.1%10.5%10.8%10.6%10.9%10.8%10.1%10.3%10.0%10.1%10.0%9.8%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
9.4%9.5%9.5%9.7%9.5%10.0%9.3%9.6%9.7%9.6%8.8%8.7%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
8.4%8.3%8.0%7.9%8.1%8.4%8.7%8.8%8.7%8.4%8.1%8.0%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
8.1%7.9%7.6%7.4%7.4%7.6%7.6%7.6%7.6%7.3%7.3%7.1%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
6.5%6.4%6.3%6.3%6.5%5.8%6.1%6.2%5.3%5.7%5.6%5.3%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
5.4%5.4%5.3%5.4%5.8%5.4%5.5%5.5%5.3%5.3%5.4%5.6%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
5.3%5.3%5.4%5.4%5.1%5.0%5.0%5.1%5.2%5.5%4.9%5.1%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
5.2%5.0%4.9%4.6%4.7%4.6%4.5%5.1%4.3%4.3%4.3%4.2%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
4.5%4.4%4.3%4.3%3.9%4.2%4.0%3.9%3.7%4.0%3.5%3.8%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
3.8%3.8%3.7%3.5%3.5%3.9%3.6%3.6%3.6%3.7%3.7%3.7%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
3.8%3.6%4.4%17.3%15.3%12.1%10.8%9.8%9.0%8.1%7.8%7.8%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
7.1%7.2%6.7%6.9%6.8%7.0%6.3%6.0%5.8%5.4%5.2%4.6%
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
4.6%4.5%4.0%3.8%3.8%3.6%3.6%4.2%3.7%3.9%3.9%3.6%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
3.7%3.6%4.0%3.9%3.9%3.9%3.4%3.8%4.1%4.0%4.1%4.2%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
4.3%4.2%4.1%4.0%4.3%4.2%4.6%4.0%4.0%4.0%4.6%4.3%
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
4.5%4.2%4.1%4.0%4.5%4.0%4.4%4.3%    

Some College; or AA/AS – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
3.7%3.8%3.9%4.0%4.3%4.4%4.6%5.0%5.1%5.3%5.5%5.6%
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
6.2%7.0%7.2%7.4%7.7%8.0%7.9%8.2%8.5%9.0%9.0%9.0%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
8.5%8.0%8.2%8.3%8.3%8.2%8.3%8.7%9.1%8.5%8.7%8.1%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
8.0%7.8%7.4%7.5%8.0%8.4%8.3%8.2%8.4%8.3%7.6%7.7%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
7.2%7.3%7.5%7.6%7.9%7.5%7.1%6.6%6.5%6.9%6.6%6.9%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
7.0%6.7%6.4%6.4%6.5%6.4%6.0%6.1%6.0%6.3%6.4%6.1%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
6.0%6.2%6.1%5.7%5.5%5.0%5.3%5.4%5.4%4.8%4.9%5.0%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
5.2%5.1%4.8%4.7%4.4%4.2%4.4%4.4%4.3%4.3%4.4%4.1%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
4.2%4.2%4.1%4.1%3.9%4.2%4.3%4.3%4.2%4.2%3.9%3.8%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
3.8%4.0%3.7%3.7%4.0%3.8%3.7%3.8%3.6%3.7%3.6%3.6%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
3.4%3.5%3.6%3.5%3.2%3.3%3.2%3.5%3.2%3.0%3.1%3.3%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
3.4%3.2%3.4%3.1%2.8%3.0%3.2%3.1%2.9%2.9%2.9%2.7%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
2.8%3.0%3.7%15.0%13.3%10.9%10.0%8.0%8.1%6.6%6.3%6.3%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
6.2%5.9%5.9%5.8%5.9%5.8%5.0%5.1%4.5%4.4%3,7%3.6%
1/222/223/234/225/226/227/228/229/2210/2211/2212/22
3.6%3.8%3.0%3.1%3.4%3.1%2.8%2.9%2.9%3.0%3.2%2.9%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
2.9%3.2%3.0%2.9%3.2%3.1%3.1%3.0%3.0%3.1%2.8%3.1%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
2.9%3.2%3.0%2.9%3.2%3.1%3.1%3.0%3.0%3.1%2.8%3.1%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
3.3%3.1%3.4%3.3%3.1%3.4%3.5%3.4%3.4%3.4%3.6%3.5%
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
3.5%3.5%3.5%3.7%3.3%3.2%3.0%3.2%    

BS/BS + – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
2.1%2.1%2.1%2.1%2.3%2.4%2.5%2.7%2.6%3.1%3.2%3.7%
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
3.9%4.1%4.3%4.4%4.8%4.7%4.7%4.7%4.9%4.7%4.9%5.0%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
4.8%5.0%4.9%4.9%4.7%4.4%4.5%4.6%4.4%4.7%5.1%4.8%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
4.2%4.3%4.4%4.5%4.5%4.4%4.3%4.3%4.2%4.4%4.4%4.1%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
4.2%4.2%4.2%4.0%3.9%4.1%4.1%4.1%4.1%3.8%3.8%3.9%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
3.8%3.8%3.8%3.9%3.8%3.9%3.8%3.5%3.7%3.8%3.4%3.3%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
3.3%3.4%3.4%3.3%3.2%3.3%3.1%3.2%2.9%3.1%3.2%2.8%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
2.8%2.7%2.5%2.7%2.7%2.5%2.6%2.5%2.5%2.5%2.5%2.5%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
2.5%2.5%2.6%2.4%2.4%2.5%2.5%2.7%2.5%2.6%2.3%2.5%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
2.5%2.4%2.5%2.4%2.3%2.4%2.4%2.4%2.3%2.0%2.1%2.1%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
2.1%2.3%2.2%2.1%2.0%2.3%2.2%2.1%2.0%2.0%2.2%2.1%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
2.4%2.2%2.0%2.1%2.1%2.1%2.2%2.1%2.0%2.1%2.0%1.9%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
2.0%1.9%2.5%8.4%7.4%6.9%6.7%5.3%4.7%4.2%4.2%3.8%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
4.0%3.8%3.7%3.5%3.2%3.5%3.1%2.8%2.5%2.4%2.3%2.1%
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
2.3%2.2%2.0%2.0%2.0%2.1%2.0%1.9%1.8%1.9%2.0%1.9%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
2.0%2.0%2.0%1.9%2.1%2.0%2.0%2.2%2.1%2.1%2.1%2.1%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
2.1%2.2%2.1%2.2%2.1%2.4%2.3%2.5%2.3%2.5%2.5%2.4%
1/252/253/254/255/256/257/258/259/2510/2511/2512/245
2.3%2.5%2.6%2.5%2.6%2.5%2.7%2.7%    

Management, Professional & Related – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
2.2%2.2%2.1%2.0%2.6%2.7%2.9%3.3%2.8%3.0%3.2%3.3%
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
4.1%3.9%4.2%4.0%4.6%5.0%5.5%5.4%5.2%4.7%4.6%4.6%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
5.0%4.8%4.7%4.5%4.5%4.9%5.0%5.1%4.4%4.5%4.7%4.6%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
4.7%4.4%4.3%4.0%4.4%4.7%5.0%4.9%4.4%4.4%4.2%4.2%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
4.3%4.2%4.2%3.7%4.0%4.4%4.8%4.5%3.9%3.8%3.6%3.9%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
3.9%3.8%3.6%3.5%3.5%4.2%4.1%3.8%3.5%3.4%3.1%2.9%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
3.1%3.2%3.3%2.9%3.1%3.5%3.5%3.4%2.8%2.7%2.8%2.7%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
2.9%2.7%2.4%2.4%2.4%2.9%3.1%2.9%2.4%2.2%2.1%2.0%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
2.3%2.4%2.4%2.1%2.1%2.8%3.0%3.1%2.7%2.5%2.3%2.2%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
2.3%2.1%2.0%2.0%1.9%2.3%2.7%2.8%2.3%2.1%2.0%2.0%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
2.2%2.0%2.0%1.8%1.7%2.5%2.4%2.5%2.0%1.9%2.1%2.1%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
2.5%2.0%2.0%1.6%1.7%2.4%2.4%2.3%1.9%1.8%1.8%1.8%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
2.2%1.8%2.5%7.7%6.6%6.5%6.6%5.5%4.5%3.7%3.7%3.4%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
3.7%3.2%3.1%3.0%2.8%3.5%3.3%3.2%2.4%2.2%1.9%1.7%
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
2.3%2.2%1.5%1.6%1.6%2.2%2.4%2.4%1.8%2.0%1.8%1.7%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
2.1%2.0%1.9%1.6%1.8%2.2%2.4%2.4%2.0%1.9%1.8%1.8%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
2.1%2.2%2.2%1.9%2.0%2.6%2.9%2.9%2.3%2.3%2.2%2.1%
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
2.2%2.4%2.3%2.2%2.4%2.8%3.0%2.7%    

Or employed… (,000)

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
52,16552,49852,68152,81952,54452,73552,65552,62653,10453,48553,27452,548
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
52,35852,19652,34552,59752,25651,77651,81051,72452,18652,98152,26352,131
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
52,15952,32452,16352,35551,83951,41450,97450,87951,75751,81852,26351,704
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
51,86652,55753,24353,21652,77852,12051,66251,99752,66552,86452,78752,808
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
53,15253,20853,77154,05554,15653,84653,16553,69654,65555,22354,95154,635
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
54,21454,56354,72154,76754,74054,32354,06454,51555,01355,15555,58354,880
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
55,09655,50156,03655,89656,20255,71455,38155,64656,36556,75957,11056,888
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
57,36757,59657,80557,95358,15557,71057,39257,28858,10558,45658,66759,030
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
59,01459,58360,08059,69059,61359,18158,43458,52659,59959,76659,70760,069
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
59,92161,06461,15661,31761,17460,70559,92359,55960,99061,06261,81862,121
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
62,12362,90863,06762,56162,36061,34961,43361,59362,18162,92963,08463,642
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
63,81864,28164,29963,56063,59463,41863,39463,67964,34364,99765,54865,682
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
65,53366,09165,88161,15262,33063,29062,45163,09562,75963,27763,38764,007
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
63,88664,47164,50364,26464,26864,31664,17964,12265,16365,33566,06066,366
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
66,74067,75467,82367,31967,65267,22467,87468,37769,05668,91869.15669,297
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
69,24969,98670,65170,40370,38869,95669,66269,28070,41771,38771,35070,572
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
70,65070,21770,78670,54870.89771,00270,16769,89270,91671,55371,25871,042
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
71,54771,47772,01972,16870,91270,25069,80970,866    

And unemployed… (,000)

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
1,1641,1591,1211,0881,4071,4781,5851,7791,5391,6471,7861,802
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
2,2382,1372,2922,1642,3732,7203,0342,9252,8592,5932,5302,509
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
2,7622,6372,6002,4642,4502,6442,6872,7622,3812,4172,5252,468
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
2,5572,4352,3812,1962,4192,5982,7422,6712,4502,4102,3362,303
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
2,4102,3362,3302,0622,2752,4722,6662,5562,2452,1702,0772,221
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
2,2112,1642,0201,9801,9902,3582,2862,1301,9781,9301,7491,637
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
1,7841,8451,8901,6421,7952,0012,0111,9301,6171,5821,6561,568
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
1,7411,6011,3981,4351,4601,7141,8071,6861,4141,3121,2761,208
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
1,4041,4561,4771,2511,3051,7121,7821,8691,6521,5061,3821,361
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
1,4251,3131,2651,2541,2081,4401,6561,7311,4631,2851,2661,290
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
1,3741,3011,3101,1341,0831,5751,5391,5911,2991,2461,3301,368
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
1,6071,3171,2891,0401,0861,5401,5911,4761,2351,1611,2081,171
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
1,4541,2071,6635,0794,4324,3904,4003,6802,9462,4482,4152,235
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
2,4332,1582,0632,0141,8792,3032,2032,1231,5801,4531,3081,146
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
1,5831,4901,0531,0881,0981,5201,6501,6471,2911,3981,2471,198
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
1,4601,4061,3681,1531,2811,6091,7011,7121,4661,4151,3011,314
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
1,5271,5801,5801,3991,4231,8872,0952,0561,6471,6891,5811,490
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
1,6041,7201,7061,5961,7192,0002,1621,975    

For a total Management, Professional & Related workforce of…(,000)

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
53,32953,65753,80253,90753,95154,21354,24054,40554,64355,13255,06054,350
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
54,59654,33354,63754,76154,62954,49654,84454,64955,04555,57454,79354,640
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
54,92154,96154,76354,81954,28954,05853,66153,64154,13854,23554,78854,172
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
54,42354,99255,62455,41255,19754,71854,40454,66855,11555,27455,12355,111
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
55,56255,54456,10156,11756,43156,31855,83156,25256,90057,39357,02856,856
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
56,42556,72756,74156,74756,73056,68156,35056,64556,99157,08557,33256,517
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
56,88057,34657,92657,53857,99757,71557,39257,57657,98258,34158,76658,456
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
59,10859,19759,20359,38859,61559,42459,19958,97459,51959,76859,94360,238
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
60,41861,03961,55760,94160,91860,89360,21660,39561,25161,27261,08961,430
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
61,34662,37762,42162,57162,38262,14561,57961,29062,45362,34763,08463,411
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
63,49764,20964,37763,69563,44362,92462,97263,18463,48064,17564,41465,010
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
65,42565,59865,58864,60064,68064,95864,98565,15565,57866,15866,75666,853
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
66,98767,29867,54466,23166,76267,68066,85166,77565,70565,67565,80266,242
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
66,31966,62966,56666,27866,14766,61966,38266,24566,74366,78867,36867,512
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
68,32369,24468,87668,40768,75068,74469,52470,02470,34770,31670.40370,495
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
70,70971,39272,01971,55671,66971,56571,36370,99271,88372,80272,65171,886
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
72,17771,79772,36671,94772,32072,88972,26271,94872,56373,24272,83972,532
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
73,15173,19773,72573,76472,63172,25071,97172,841    

Management, Business and Financial Operations – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
2.3%2.3%2.2%2.1%2.7%2.5%2.6%2.8%2.8%3.0%3.6%3.9%
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
4.6%4.5%4.5%4.4%4.6%4.8%4.9%5.0%5.2%5.4%5.4%5.2%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
5.2%5.1%5.4%5.1%4.9%4.8%4.7%4.9%4.3%5.0%5.5%5.7%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
5.3%4.9%4.8%4.6%4.9%4.6%4.6%4.6%4.6%4.7%4.6%4.4%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
4.5%4.4%4.4%4.0%4.1%3.8%3.8%3.7%3.5%3.6%3.8%4.1%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
4.0%3.9%3.5%3.5%3.8%3.5%3.1%3.4%3.3%3.7%3.2%3.1%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
3.4%3.6%3.5%3.2%3.3%2.8%2.7%2.6%2.4%2.7%2.7%2.5%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
3.0%2.8%2.6%2.6%2.9%2.4%2.3%2.2%2.4%2.2%2.1%1.9%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
2.3%2.6%2.5%2.4%2.4%2.5%2.4%2.5%2.8%2.5%2.3%2.4%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
2.5%2.4%2.4%2.2%1.8%1.9%1.9%2.4%2.5%1.9%1.9%2.0%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
2.0%2.0%2.0%1.8%1.7%2.1%1.9%2.0%2.1%2.0%2.1%2.2%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
2.5%2.1%2.0%1.4%1.5%1.9%1.8%1.9%1.6%1.7%1.6%1.9%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
2.3%1.8%2.2%6.2%5.1%4.8%5.1%4.7%4.8%4.3%3.9%3.6%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
3.8%3.5%3.4%3.1%2.9%3.0%2.6%2.9%2.3%2.3%2.2%1.8%
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
2.1%2.1%1.5%1.6%1.4%1.6%1.5%1.7%1.8%2.1%1.9%1.8%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
2.0%2.1%2.1%1.8%2.0%1.9%1.9%2.1%2.1%1.8%1.7%2.0%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
2.1%2.4%2.3%2.4%2.0%2.2%2.3%2.4%2.2%2.3%2.2%2.0%
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
2.1%2.3%2.3%2.2%2.6%2.4%2.1%2.2%    

Professional & Related – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
2.1%2.1%2.0%2.0%2.5%2.9%3.2%3.6%2.8%3.0%3.0%2.9%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
4.9%4.6%4.3%4.1%4.3%5.0%5.2%5.3%4.4%4.1%4.1%3.8%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
4.3%4.1%3.9%3.5%4.0%4.9%5.3%5.1%4.4%4.1%4.0%4.0%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
4.2%4.1%4.0%3.5%4.0%4.8%5.5%5.2%4.3%3.9%3.5%3.8%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
3.8%3.8%3.6%3.4%3.3%4.6%4.7%4.0%3.6%3.1%2.9%2.7%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
2.9%3.0%3.1%2.6%2.9%4.0%4.1%3.9%3.1%2.7%2.9%2.8%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
2.9%2.7%2.2%2.3%2.1%3.2%3.6%3.3%2.4%2.2%2.2%2.1%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
2.4%2.2%2.3%1.8%2.0%3.1%3.4%3.5%2.6%2.4%2.2%2.1%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
2.2%1.9%1.8%1.8%2.0%2.6%3.3%3.1%2.3%2.2%2.0%2.1%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
2.3%2.0%2.1%1.8%1.7%2.8%2.8%2.9%2.0%1.9%2.1%2.1%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
2.4%2.0%1.9%1.8%1.8%2.7%2.9%2.6%2.1%1.8%1.9%1.7%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
2.1%1.8%2.6%8.8%7.7%7.7%7.6%6.1%4.3%3.3%3.5%3.2%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
3.5%3.1%2.9%3.0%2.8%3.8%3.9%3.4%2.4%2.1%1.8%1.6%
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
2.5%2.2%1.6%1.6%1.7%2.6%3.0%2.8%1.9%1.9%1.7%1.6%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
2.1%1.9%1.8%1.4%1.7%2.5%2.8%2.7%2.0%2.1%1.9%1.7%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
2.1%2.1%2.1%1.6%1.9%2.9%3.3%3.2%2.3%2.3%2.1%2.1%
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
2.3%2.4%2.4%2.1%2.2%3.1%3.7%3.1%    

Sales & Related – Unemployment Rate

1/082/083/084/085/086/087/088/089/0810/0811/0812/08
5.2%5.2%4.8%4.3%5.1%5.6%6.2%6.3%5.7%6.1%6.5%7.0%
1/092/093/094/095/096/097/098/099/0910/0911/0912/09
7.7%8.4%8.9%8.6%8.9%9.1%8.3%8.7%8.9%9.5%9.1%8.9%
1/102/103/104/105/106/107/108/109/1010/1011/1012/10
10.1%10.2%9.7%9.2%9.6%9.4%10.1%9.0%9.4%9.1%8.8%8.3%
1/112/113/114/115/116/117/118/119/1110/1111/1112/11
9.3%9.0%8.5%8.5%9.4%9.7%9.4%8.6%9.4%8.2%7.8%7.7%
1/122/123/124/125/126/127/128/129/1210/1211/1212/12
8.2%7.9%8.1%7.6%7.9%8.4%8.3%8.6%7.9%7.0%7.3%7.0%
1/132/133/134/135/136/137/138/139/1310/1311/1312/13
8.5%8.2%7.7%6.9%7.1%6.7%6.9%7.2%7.5%7.3%7.0%6.3%
1/142/143/144/145/146/147/148/149/1410/1411/1412/14
7.1%7.7%6.8%5.8%6.8%6.1%6.2%5.6%5.4%5.2%5.3%5.0%
1/152/153/154/155/156/157/158/159/1510/1511/1512/15
5.8%5.2%5.8%5.5%5.8%5.6%5.8%5.4%5.6%5.3%5.1%4.3%
1/162/163/164/165/166/167/168/169/1610/1611/1612/16
5.0%4.4%4.4%5.2%5.1%4.9%4.9%4.8%5.2%4.4%4.6%4.6%
1/172/173/174/175/176/177/178/179/1710/1711/1712/17
5.2%4.3%3.9%4.2%4.5%4.8%4.2%4.2%3.7%4.0%4.1%3.8%
1/182/183/184/185/186/187/188/189/1810/1811/1812/18
4.6%4.5%4.5%4.1%4.2%4.4%4.0%3.5%4.0%3.6%3.7%3.6%
1/192/193/194/195/196/197/198/199/1910/1911/1912/19
4.5%5.0%4.6%3.9%3.6%3.4%3.2%3.8%3.6%3.4%3.3%3.3%
1/202/203/204/205/206/207/208/209/2010/2011/2012/20
4.5%4.2%4.3%17.1%16.2%13.3%10.9%8.6%8.9%7.0%6.3%5.3%
1/212/213/214/215/216/217/218/219/2110/2111/2112/21
6.6%6.6%6.3%6.3%6.4%6.0%6.0%5.5%5.2%4.5%4.2%3.6%
1/222/223/224/225/226/227/228/229/2210/2211/2212/22
4.2%3.6%4.3%4.1%4.2%4.1%4.1%4.0%3.8%3.4%3.3%3.4%
1/232/233/234/235/236/237/238/239/2310/2311/2312/23
4.4%4.0%3.7%3.0%4.0%4.0%3.7%3.9%4.1%3.9%3.7%4.4%
1/242/243/244/245/246/247/248/249/2410/2411/2412/24
4.5%4.7%4.7%3.6%3.8%4.5%4.6%4.6%4.5%3.9%4.2%4.1%
1/252/253/254/255/256/257/258/259/2510/2511/2512/25
4.9%4.3%4.4%4.2%4.5%4.9%3.9%4.8%    

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