Washington, DC, United States (AHN) – The national unemployment rate for the month of July remained little unchanged at 9.1 while total nonfarm payroll employment rose by a modest 117,000, according to the monthly report by the U.S. Bureau of Labor Statistics.
Although the 117,000 jobs created during July was slightly better than anticipated, it was still not enough to keep up with growth in the number of working-age Americans, let alone make a dent in the unemployment figures. Economists say the nation must create from 120,000 to 200,000 jobs monthly to keep up with people entering the labor market for the first time.
In addition, the percentage of working-age Americans who held either a part- or full-time job continued its slide in July, falling to 63.9 percent from 64.2 percent in June. Moreover, about 8.4 million people were involuntarily employed part-time for economic reasons in July, including people whose hours have been cut back or who have been unable to find full-time work, or about the same numbers as in June.
The gain of 117,000 jobs came from openings in health care, retail trade, manufacturing and mining while federal, state and local governments continue to shed jobs.
Unemployment rates among major groups stood at:
- Adult men 9.0 percent
- Adult women 7.9 percent
- Teenagers 25.0 percent
- Whites 8.1 percent
- Blacks 15.9 percent
- Hispanics 11.3 percent
In addition, the number of people who were unemployed for less than 5 weeks dropped by 387,000 in July while the number of long-term unemployed (those jobless for 27 weeks and longer) remained little changed at 6.2 million. Some 44.4 percent of the unemployed are long-term.
The Bureau of Labor Statistics also revised some figures from earlier months. It revised the total nonfarm payroll employment for May from +25,000 to +53,000 and for June revised employment from +18,000 to +46,000.
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