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Employment Stable, Not Growing; Rate Unchanged But Numbers Increase
Monday, July 8, 2013 4:40 AM

unemployment.jpg

Total nonfarm payroll employment increased by 195,000 in June, and the unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reports. Employment rose in leisure and hospitality, professional and business services, retail trade, health care, and financial activities.

The number of unemployed persons, at 11.8 million, and the unemployment rate, at 7.6 percent, were unchanged in June.

Among the major worker groups, the unemployment rate is:

  • Adult women (6.8 percent)
  • Adult men (7.0 percent)
  • Teenagers (24.0 percent)
  • Whites (6.6 percent)
  • Blacks (13.7 percent)
  • Hispanics (9.1 percent)
  • Asians (5.0 percent)

In June, the number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 4.3 million. These individuals accounted for 36.7 percent of the unemployed.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 322,000 to 8.2 million in June. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

In June, 2.6 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Within the trade groups:

  • Leisure and hospitality added 75,000 jobs
  • Employment in professional and business services rose by 53,000
  • Retail trade employment increased by 37,000
  • Employment in wholesale trade continued to trend up by 11,000
  • Health care continued to add jobs in June, with a gain of 20,000
  • Employment in financial activities rose by 17,000 in June
  • Federal government employment continued to trend down in June declining by 5,000

(Source: Bureau of Labor Statistics, 5 July 2013)