Friday 5 July 2013

A closer look to the U.S. June's Jobs Report

According to June labor Statistics, 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 reported today. 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 for adult women (6.8 percent) edged up in
June, while the rates for adult men (7.0 percent), teenagers (24.0 percent), whites (6.6 percent), blacks
(13.7 percent), and Hispanics (9.1 percent) showed little or no change. The jobless rate for Asians was
5.0 percent (not seasonally adjusted), down from 6.3 percent a year earlier.
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. Over the
past 12 months, the number of long-term unemployed has declined by 1.0 million.
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. (The data are not seasonally adjusted.) 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.
Among the marginally attached, there were 1.0 million discouraged workers in June, an increase of
206,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not
currently looking for work because they believe no jobs are available for them. The remaining 1.6
million persons marginally attached to the labor force in June had not searched for work for reasons
such as school attendance or family responsibilities.

Source   Bureau of Labor Statistics

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