Shrinking unemployment comes with bad news - FOX 26 News | MyFoxHouston

Shrinking unemployment comes with bad news

Posted: Updated:
HOUSTON (FOX 26) -

August's unemployment rate fell to 8.1 percent, but there are few people looking at it as good news.

More and more adults are not being counted because they're no longer receiving unemployment benefits.  Many are dropping out of the workforce.

The percentage of working adults is the lowest it has been in 30 years, but others have stepped back to find new ways to make a living.

 "I have absolutely not given up," unemployed veteran Shanea Speller said.  "I've exhausted all of my resources, and after your unemployment runs out, after you've looked for jobs in all of your fields and you're not getting hired, there's really nothing you can do but continue to look for work."

Just 96,000 new jobs were created in August.  Experts say that number needs to exceed 200,000 to make a dent in the nation's unemployment rate.

Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices