July’s unemployment report saw slight increases in unemployment, inching up to 8.3% from the previous month’s 8.2%, while also seeing a rise in job creation, adding 163,000 jobs according to the Bureau of Labor Statistics (BLS). The number of unemployed persons remains unchanged in July, however, at 12.8 million.
The addition of 163,000 jobs shows an improvement year-over-year, along with the unemployment rate which held at 9.1 percent since last July 2011. Regardless, the unemployment rate continues to stagnate above 8 percent.
Of the sectors that showed signs of improvement this past month, professional and business services added 49,000 jobs, according to the BLS. Food and leisure saw the second highest increase in employment (+29,000), while manufacturing added 25,000 jobs. Employment also trended upward for health care (+12,000) and in wholesale trade in July. Industries that saw a decline in July included Utilities employment, and Government employment which continues to trend down, eliminating 9,000 this past month. Government has shed some 642,000 jobs – or 2.8 percent – since 2009. Employment in other major industries showed little or no change for July.
Employment among workgroups showed some slight shifts as well. Hispanics (10.3 percent) saw a decline in July, while the rates for adult men (7.7 percent), adult women (7.5 percent), teenagers (23.8 percent), whites (7.4 percent), and African Americans (14.1 percent) showed little or no change. The jobless rate for Asian Americans was 6.2 percent in July.
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