Americans working for 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 farming and in construction, at 9.4% and 8.5% respectively, were more than twice what they were in government and finance.
The “financial activity” sector of the U.S. economy, as examined by the BLS, consists of establishments involved in banking, underwriting, investing, and pension programs. Unemployment for workers in that sector has greatly declined in the four years since Obama started his first term in 2009, when the unemployment rate for such workers was 7.1%, according to the BLS.