Post a Free Blog

Submit A Press Release

Thursday, March 28, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBreaking NewsEmployment Situation Summary

Employment Situation Summary

Meeting, Business, Architect, Office, Team, Plan

Nonfarm payroll employment rises by 1.8 million in July; unemployment rate falls to 10.2%

Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic.

Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment
rate fell to 10.2 percent, the U.S. Bureau of Labor Statistics reported today. These
improvements in the labor market reflected the continued resumption of economic
activity that had been curtailed due to the coronavirus (COVID-19) pandemic and
efforts to contain it. In July, notable job gains occurred in leisure and hospitality,
government, retail trade, professional and business services, other services, and
health care.

This news release presents statistics from two monthly surveys. The household survey
measures labor force status, including unemployment, by demographic characteristics.
The establishment survey measures nonfarm employment, hours, and earnings by industry.
For more information about the concepts and statistical methodology used in these two
surveys, see the Technical Note.

Household Survey Data

In July, the unemployment rate declined by 0.9 percentage point to 10.2 percent, and
the number of unemployed persons fell by 1.4 million to 16.3 million. Despite declines
over the past 3 months, these measures are up by 6.7 percentage points and 10.6 million,
respectively, since February. (See table A-1. For more information about how the
household survey and its measures were affected by the coronavirus pandemic, see the
box note at the end of this news release.)

Among the major worker groups, the unemployment rates declined in July for adult men
(9.4 percent), adult women (10.5 percent), teenagers (19.3 percent), Whites (9.2 percent),
Asians (12.0 percent), and Hispanics (12.9 percent). The jobless rate for Blacks (14.6
percent) showed little change over the month. (See tables A-1, A-2, and A-3.)

The number of unemployed persons who were on temporary layoff decreased by 1.3 million
in July to 9.2 million, about half its April level. In July, the number of permanent
job losers and the number of unemployed reentrants to the labor force were virtually
unchanged over the month, at 2.9 million and 2.4 million, respectively. (Reentrants
are persons who previously worked but were not in the labor force prior to beginning
their job search.) (See table A-11.)

Among the unemployed, those who were jobless less than 5 weeks increased by 364,000 to
3.2 million in July, and the number of persons jobless 15 to 26 weeks rose by 4.6 million
to 6.5 million. By contrast, the number of unemployed persons who were jobless 5 to 14
weeks fell by 6.3 million to 5.2 million. The number of long-term unemployed (those
jobless for 27 weeks or more), at 1.5 million, was little changed over the month. (See
table A-12.)

The labor force participation rate, at 61.4 percent, changed little in July, following
increases in May and June. Total employment, as measured by the household survey, rose
by 1.4 million in July to 143.5 million. The employment-population ratio rose by 0.5
percentage point to 55.1 percent but remains lower than in February (61.1 percent).
(See table A-1.)

In July, the number of persons who usually work part time rose by 803,000 to 24.0 million,
while the number who usually work full time, at 119.5 million, was little changed. (See
table A-9.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) declined by 619,000 to 8.4 million in July, reflecting
a decline in the number of people whose hours were cut due to slack work or business
conditions (-658,000). The number of involuntary part-time workers is 4.1 million higher
than in February. These individuals, who would have preferred full-time employment, were
working part time because their hours had been reduced or they were unable to find full-
time jobs. This group includes persons who usually work full time and persons who usually
work part time. (See table A-8.)

In July, the number of persons not in the labor force who currently want a job declined
by 463,000 to 7.7 million; this measure is 2.8 million higher than in February. These
individuals were not counted as unemployed because they were not actively looking for
work during the last 4 weeks or were unavailable to take a job. (See table A-1.)

Among those not in the labor force who currently want a job, persons marginally attached
to the labor force fell by 492,000 to 2.0 million in July. 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 but had not looked for work in the 4 weeks preceding the survey.
Discouraged workers, a subset of the marginally attached who believed that no jobs were
available for them, numbered 665,000 in July, essentially unchanged from the previous month.
(See Summary table A.)

Source:US Bureau of Statistics

Image Source:Pixabay    

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Google code on Pinterest app suggests potential test of ad units, CWEB analysts say

Google and Pinterest might be testing a new partnership....

DraftKings Falls, NCAA Wants to Ban College Prop Bets. CWEB analysts issue Hold Rating on the stock.

Shares of DraftKings Inc.(DKNG) experienced a significant decline on...

Chick-Fil-A backtracks on NAE pledge, to use some antibiotics in chicken

Chick-Fil-A backtracked on its No Antibiotics Ever (NAE) policy...

Bloom Energy’s Price Target Cut at Susquehanna

Susquehanna analysts adjusted their price target for Bloom Energy...