No Change in Unemployment Rate in June; Holds at 8.2 Percent

The unemployment rate remained unchanged in June, holding at 8.2% and adding only 80,000 new jobs, the U.S. Department of Labor reported today.  This is the third consecutive month where the employment rate has stagnated, only averaging 75,000 new jobs from April through June. In May only 77,000 jobs were added and April saw gains of only 68,000. This is a significant drop from the first quarter, where jobs growth averaged 226,000 jobs.

Currently, 12.7 million Americans remain unemployed, not factoring those people that have stopped looking for work altogether. And those working part time remained unchanged, at 8.2 million as reported for June

The professional and business services sectors saw the highest gains in employment, with 47,000 new jobs added. While manufacturing (+11,000) and health care (+13,000) also showed some gains. Other industries added jobs, but not enough to offset the current employment rate, with retail (-5,400) and the federal government (-7,000) cutting jobs in June.

While the unemployment rate for adult men (7.8 percent), women (7.4 percent), teenagers (23.7 percent) and Hispanics (11 percent) showed little change from last month, blacks saw a spike in unemployment in June, rising from 14.4% vs. 13.6% from May.

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