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Employment Steady But Not Robust
Monday, August 5, 2013 5:50 AM

US Job Stats

Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade, food services and drinking places, financial activities, and wholesale trade.

Both the number of unemployed persons, at 11.5 million, and the unemployment rate edged down in July. Among the major worker groups, the unemployment rates were:

  • adult women (6.5 percent)
  • adult men (7.0 percent)
  • teenagers (23.7 percent)
  • blacks (12.6 percent)
  • whites (6.6 percent)
  • Asians (5.7 percent)
  • Hispanics (9.4 percent)

Employment Sector highlights:

  • Retail trade added 47,000 jobs. In July, job growth occurred in general merchandise stores (+9,000), motor vehicle and parts dealers (+6,000), building material and garden supply stores (+6,000), and health and personal care stores (+5,000).
  • Within leisure and hospitality, employment in food services and drinking places increased by 38,000 in July.
  • Financial activities employment increased by 15,000 in July, with a gain of 6,000 in securities, commodity contracts, and investments.
  • Employment increased in wholesale trade (+14,000) in July.
  • Employment in professional and business services continued to trend up in July (+36,000). Within the industry, job growth continued in management of companies and enterprises (+7,000) and in management and technical consulting services (+7,000). Employment in temporary help services changed little over the month.
  • Manufacturing employment was essentially unchanged in July. Within the industry, employment in motor vehicles and parts rose by 9,000 in July.
  • Employment in health care was essentially unchanged over the month.
  • Employment in other major industries, including mining and logging, construction, transportation and warehousing, and government, showed little change in July.

(Source: U.S. Bureau of Labor Statistics, 2 August 2013)