Jobless Down To 3.8% Rate as Schools Start
The NationÛªs unemployment rate dipped to 3.8 per cent, seasonally adjusted, in SeptemberÛÓthe lowest level since April.</br></br>Arthur M. Ross, Commissioner of Labor Statistics, said the apparent improvement was due largely to the withdrawal of 3 million teenagers from the labor force as they left summer jobs to return to school.</br></br>Government economists generally regard a shift of only a tenth of 1 per cent in the over-all jobless rate as statistically insignificant because of sampling errors and random fluctuations. So far this year, unemployment has remained within a> narrow range of 3.7 to 4.C per cent.</br></br>programs must have caught on very well.Û (Their withdrawal tends to push the jobless rate down because, although they constitute only one tenth of the labor force, the teenagersÛª unemployment rate is triple t he national rating.).</br></br>Û¢	A sharp increase in women jobholders (nearly a half million more than seasonal expectations) reflects a shortage of available men. The unemployment rate for males 20 and over is down to 2.4 per cent and loss than 100,000 have been added to the labor force in the past 12 months.