US economy adds 162K jobs, jobless rate 7.4%

August 2, 2013

U.S. unemployment rate

US economy adds 162K jobs, jobless rate 7.4%

July 2013 Jobless Rate

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade, food services and drinking places, financial activities, and wholesale trade.

Household Survey Data
Both the number of unemployed persons, at 11.5 million, and the unemployment rate, at 7.4 percent, edged down in July. Over the year, these measures were down by 1.2 million and 0.8 percentage
point, respectively.

Among the major worker groups, the unemployment rates for adult women (6.5 percent) and blacks (12.6 percent) declined in July. The rates for adult men (7.0 percent), teenagers (23.7 percent), whites (6.6 percent), and Hispanics (9.4 percent) showed little or no change. The jobless rate for Asians was 5.7 percent (not seasonally adjusted), little changed from a year earlier.

In July, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.2 million. These individuals accounted for 37.0 percent of the unemployed. The number of long-term unemployed has declined by 921,000 over the past year.

The civilian labor force participation rate was 63.4 percent in July, little changed over the month. The employment-population ratio was unchanged at 58.7 percent.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 8.2 million in July. 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 July, 2.4 million persons were marginally attached to the labor force, little changed 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 988,000 discouraged workers in July, up by 136,000 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 1.4 million persons marginally attached to the labor force in July had not searched for work for reasons such as school attendance or family responsibilities.

Establishment Survey Data
Total nonfarm payroll employment increased by 162,000 in July, with gains in retail trade, food services and drinking places, financial activities, and wholesale trade. Over the prior 12 months, nonfarm employment growth averaged 189,000 per month.

Retail trade added 47,000 jobs in July and has added 352,000 over the past 12 months. In July, job growth occurred in general merchandise stores (+9,000), motor vehicle and parts dealers (+6,000), building material and garden supply stores (+6,000), and health and personal care stores (+5,000).

Within leisure and hospitality, employment in food services and drinking places increased by 38,000 in July and by 381,000 over the year.

Financial activities employment increased by 15,000 in July, with a gain of 6,000 in securities, commodity contracts, and investments. Over the year, financial activities has added 120,000 jobs.

Employment increased in wholesale trade (+14,000) in July. Over the past 12 months, this industry has added 83,000 jobs.

Employment in professional and business services continued to trend up in July (+36,000). Within the industry, job growth continued in management of companies and enterprises (+7,000) and in management and technical consulting services (+7,000). Employment in temporary help services changed little over the month.

Manufacturing employment was essentially unchanged in July and has changed little, on net, over the past 12 months. Within the industry, employment in motor vehicles and parts rose by 9,000 in July.

Employment in health care was essentially unchanged over the month. Thus far in 2013, health care has added an average of 16,000 jobs per month, compared with an average monthly increase of 27,000 in 2012.

Employment in other major industries, including mining and logging, construction, transportation and warehousing, and government, showed little change in July.

The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour in July to 34.4 hours. In manufacturing, the workweek decreased by 0.2 hour to 40.6 hours, and overtime declined by 0.2 hour to 3.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 hour to 33.6 hours.

In July, average hourly earnings for all employees on private nonfarm payrolls edged down by 2 cents to $23.98, following a 10-cent increase in June. Over the year, average hourly earnings have risen by 44 cents, or 1.9 percent. In July, average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $20.14.

The change in total nonfarm payroll employment for May was revised from +195,000 to +176,000, and the change for June was revised from +195,000 to +188,000. With these revisions, employment gains in May and June combined were 26,000 less than previously reported.

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The Great Recession by the numbers

Dilemma X

The Great Recession and the Global Financial Crisis began in December 2007. By December 2008 the unemployment rate reached 7.2% and reached its peak in October 2009 with an unemployment rate of 10.2%. The financial crisis was triggered by a complex problems in the United States banking system, the U.S. housing bubble and other financial failures.

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Video: July Unemployment Rate 7 4% Jobs
FOX News has its own views on the economy

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Video: Obama: Change corporate tax code, create jobs

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Past July unemployment rates:
July 2013 was 7.4% The number of unemployed persons was 11.5 million
July 2012 was 8.3% The number of unemployed persons was 12.8 million
July 2011 was 9.1% The number of unemployed persons was 13.9 million
July 2010 was 9.5% The number of unemployed persons was 14.6 million
July 2009 was 9.4% The number of unemployed persons was 14.5 million
July 2008 was 5.7% The number of unemployed persons was 8.8 million
July 2007 was 4.6% The number of unemployed persons was 7.1 million

___________________
African American unemployment decreased to 12.6%, white unemployment remains 6.6%, staying at its lowest level since December 2008

White unemployment for December 2010 was 8.5%

White unemployment for December 2009 was 9.0%

White unemployment for June 2009 was 8.7%

White unemployment for December 2008 was 6.6%

White unemployment for November 2008 was 6.2%

White unemployment for October 2008 was 6.0%

White unemployment for September 2008 was 5.5%

White unemployment for June 2008 was 4.9%

White unemployment for June 2007 was 4.1%

_________

African American unemployment for December 2010 was 15.8%

African American unemployment for December 2009 was 16.2%

African American unemployment for June 2009 was 14.7%

African American unemployment for December 2008 was 11.9%

African American unemployment for November 2008 was 11.3%

African American unemployment for October 2008 was 11.3%

African American unemployment for September 2008 was 11.4%

African American unemployment for June 2008 was 9.2%

African American unemployment for June 2007 was 8.4%

_______________________________________

President Barack Obama assumed office January 20, 2009.
In January 2009 the number of unemployed persons was 11.6 million and the unemployment rate was 7.6%.

Unemployment peaked in October 2009 with an unemployment rate of 10.2% and 15.7 million unemployed persons.

______________________________________
Between January 2009 and March, 2009 more than 2 million jobs were lost and 663,000 were lost in March 2009 alone. The number of unemployed persons increased to 13.2 million that month.
___________________________________________

George W. Bush served as the 43rd President of the United States from January 20, 2001 – January 20, 2009
July 2001 the nation’s unemployment rate was 4.5% with a total of 6.4 million unemployed persons. Unemployment rate was the following: whites 4.0% and for blacks 7.9%.  
July 2008 the nation’s unemployment rate was 5.7% with a total of 8.8 million unemployed persons. Unemployment rate was the following: whites 5.1% and for blacks 9.7%.
January 2009 the nation’s unemployment rate was 7.6% with a total of 11.6 million unemployed persons. For whites the unemployment rate was 6.9% and for African Americans it was 12.6%.

Bill Clinton served as the 42nd President of the United States from January 20, 1993 – January 20, 2001
July 1994 the nation’s unemployment rate was 6.1% with a total of 8.0 million unemployed persons. Unemployment rate was the following: whites 5.4% and for blacks 11.2%.  
July 2000 the nation’s unemployment rate was 4.0% with a total of 5.6 million unemployed persons. Unemployment rate was the following: whites 3.5% and for blacks 7.7%.
In September 2000 the unemployment rate was 3.9%. This was the first time the nation’s unemployment rate had been below 4.0% since January 1970. Unemployment rate was the following: whites 3.5% and for blacks 7.0%.  
January 2001 the nation’s unemployment rate was 4.2%. The number of unemployed persons rose to 5.95 million. Unemployment rate was the following: whites 3.6% and for blacks 8.4%.  

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July 2013
African American unemployment

African American unemployment for July 2013 decreased to 12.6% (Seasonally adjusted)
African American unemployment for June 2013 was 13.7%(Seasonally adjusted)
African American unemployment for May 2013 was 13.5%(Seasonally adjusted)
African American unemployment for April 2013 was 13.2%(Seasonally adjusted)
African American unemployment for March 2013 was 13.3%(Seasonally adjusted)
African American unemployment for February 2013 was 13.8% (Seasonally adjusted)
African American unemployment for January 2013 was 13.8% (Seasonally adjusted)
African American unemployment for December 2012 was 14.0% (Seasonally adjusted)
African American unemployment for November 2012 was 13.2% (Seasonally adjusted)
African American unemployment for October 2012 was 14.3% (Seasonally adjusted)
African American unemployment for September 2012 was13.4% (Seasonally adjusted)
African American unemployment for August 2012 was 14.1% (Seasonally adjusted)
African American unemployment for July 2012 was 14.1% (Seasonally adjusted)
African American unemployment for June 2012 was 14.4% (Seasonally adjusted)
African American unemployment for May 2012 was 13.6% (Seasonally adjusted)
African American unemployment for April 2012 was 13.0% (Seasonally adjusted)
African American unemployment for March 2012 was 14.0% (Seasonally adjusted)
African American unemployment for February 2012 was 14.1% (Seasonally adjusted)
African American unemployment for January 2012 was 13.6% (Seasonally adjusted)
African American unemployment for December 2011 was to 15.8% (Seasonally adjusted)
African American unemployment for November 2011 was 15.5% (Seasonally adjusted)
African American unemployment for October 2011 was 15.0% (Seasonally adjusted)
African American unemployment for September 2011 was 15.9% (Seasonally adjusted)
African American unemployment for August 2011 was 16.7% (Seasonally adjusted)
African American unemployment for July 2011 was 15.9% (Seasonally adjusted)
African American unemployment for June 2011 was 16.2% (Seasonally adjusted)
African American unemployment for May 2011 was 16.2% (Seasonally adjusted)
African American unemployment for April 2011 was 16.1% (Seasonally adjusted)
African American unemployment for May 2010 was 15.3% (Seasonally adjusted)

_________________
By Sex African American unemployment for men 20 years and over

July 2013 decreased to 12.5% (Seasonally adjusted)
June 2013 was 13.0% (Seasonally adjusted)
May 2013 was 13.5% (Seasonally adjusted)
April 2013 was 12.6% (Seasonally adjusted)
March 2013 was 12.7% (Seasonally adjusted)
February 2013 was 12.9% (Seasonally adjusted)
January 2013 was 13.4% (Seasonally adjusted)
December 2012 was 14.0% (Seasonally adjusted)
November 2012 was 12.9% (Seasonally adjusted)
October 2012 was 14.1% (Seasonally adjusted)
September 2012 was 14.2% (Seasonally adjusted)
August 2012 was 14.3% (Seasonally adjusted)
July 2012 was 14.8% (Seasonally adjusted)
June 2012 was 14.2% (Seasonally adjusted)
May 2012 was 14.2% (Seasonally adjusted)
April 2012 was 13.6% (Seasonally adjusted)
March 2012 was 13.8% (Seasonally adjusted)
February 2012 was 14.3% (Seasonally adjusted)
January 2012 was 12.7% (Seasonally adjusted)
December 2011 was 15.7% (Seasonally adjusted)
November 2011 was 16.4% (Seasonally adjusted)
October 2011 was 16.0% (Seasonally adjusted)
September 2011 was 16.6% (Seasonally adjusted) A
ugust 2011 was 18.0% (Seasonally adjusted)
July 2011 was 17.0% (Seasonally adjusted)
June 2011 was 17.0% (Seasonally adjusted)
May 2011 was 17.5% (Seasonally adjusted)
April 2011 was 17.0% (Seasonally adjusted)
May 2010 was 17.0% (Not seasonally adjusted)
September 2009 was 15.5% (Not seasonally adjusted)
August 2010 was at 17.3%

________________

African American unemployment for women 20 years and over

July 2013 decreased to 10.5% (Seasonally adjusted)
June 2013 was 12.0% (Seasonally adjusted)
May 2013 was 11.2% (Seasonally adjusted)
April 2013 was 11.6% (Seasonally adjusted)
March 2013 was 12.2% (Seasonally adjusted)
February 2013 was 12.5% (Seasonally adjusted)
January 2013 was 12.3% (Seasonally adjusted)
December 2012 was 12.2% (Seasonally adjusted)
November 2012 was 11.5% (Seasonally adjusted)
October 2012 was 12.4% (Seasonally adjusted)
September 2012 was 10.9% (Seasonally adjusted)
August 2012 was 12.0% (Seasonally adjusted)
July 2012 was 11.5% (Seasonally adjusted)
June 2012 was 12.7% (Seasonally adjusted)
May 2012 was 11.4% (Seasonally adjusted)
April 2012 was 10.8% (Seasonally adjusted)
March 2012 was 12.3% (Seasonally adjusted)
February 2012 was 12.4% (Seasonally adjusted)
January 2012 was 12.6% (Seasonally adjusted)
December 2011 was 13.9% (Seasonally adjusted)
November 2011 was 13.0% (Seasonally adjusted)
October 2011 was 12.6% (Seasonally adjusted)
September 2011 was 13.2% (Seasonally adjusted)
August 2011 was 13.4% (Seasonally adjusted)
July 2011 was 13.4% (Seasonally adjusted)
June 2011 was 13.8% (Seasonally adjusted)
May 2011 was 13.4% (Seasonally adjusted)
April 2011 was 13.4% (Seasonally adjusted)
May 2010 was 12.0% (Not seasonally adjusted)
September 2009 was 13.4% (Not seasonally adjusted)
August 2010 was 13.2%

_________________

African American unemployment for both sexes, 16 to 19 years

July 2013 decreased to 41.6% (Seasonally adjusted)
June 2013 was 43.6% (Seasonally adjusted)
May 2013 was 42.6% (Seasonally adjusted)
Apil 2013 was 40.5% (Seasonally adjusted)
March 2013 was 33.8% (Seasonally adjusted)
February 2013 was 43.1% (Seasonally adjusted)
January 2013 was 37.8% (Seasonally adjusted)
December 2012 was 40.5% (Seasonally adjusted)
November 2012 was 39.4% (Seasonally adjusted)
October 2012 was 40.5% (Seasonally adjusted)
September 2012 was 36.7% (Seasonally adjusted)
August 2012 was 37.9% (Seasonally adjusted)
July 2012 was 36.6% (Seasonally adjusted)
June 2012 was 39.3% (Seasonally adjusted)
May 2012 was 36.5% (Seasonally adjusted)
April 2012 was 38.2% (Seasonally adjusted)
March 2012 was 40.5% (Seasonally adjusted)
February 2012 was 34.7% (Seasonally adjusted)
January 2012 was 38.5% (Seasonally adjusted)
December 2011 was 42.1% (Seasonally adjusted)
November 2011 was 39.6% (Seasonally adjusted)
October 2011 was 37.5% (Seasonally adjusted)
September 2011 was 43.6% (Seasonally adjusted)
August 2011 was 46.3% (Seasonally adjusted)
July 2011 was 39.2% (Seasonally adjusted)
June 2011 was 39.9% (Seasonally adjusted)
May 2011 was 40.7% (Seasonally adjusted)
April 2011 was 41.6% (Seasonally adjusted)
May 2010 was 38.4% (Not seasonally adjusted)
September 2009 was 40.7% (Not seasonally adjusted)
August 2010 was 45.4%

________________________________

July 2013
White unemployment

White unemployment for July 2013 remained to 6.6% (Seasonally adjusted)
White unemployment for June 2013 was 6.6% (Seasonally adjusted)
White unemployment for May 2013 was 6.7% (Seasonally adjusted)
White unemployment for April 2013 was 6.7% (Seasonally adjusted)
White unemployment for March 2013 was 6.7% (Seasonally adjusted)
White unemployment for February 2013 was 6.8% (Seasonally adjusted)
White unemployment for January 2013 was 7.0% (Seasonally adjusted)
White unemployment for December 2012 was 6.9% (Seasonally adjusted)
White unemployment for November 2012 was 6.8% (Seasonally adjusted)
White unemployment for October 2012 was 7.0% (Seasonally adjusted)
White unemployment for September 2012 was 7.0% (Seasonally adjusted)
White unemployment for August 2012 was 7.2% (Seasonally adjusted)
White unemployment for July 2012 was 7.4% (Seasonally adjusted)
White unemployment for June 2012 was 7.4% (Seasonally adjusted)
White unemployment for May 2012 was 7.4% (Seasonally adjusted)
White unemployment for April 2012 was 7.4% (Seasonally adjusted)
White unemployment for March 2012 was 7.3% (Seasonally adjusted)
White unemployment for February 2012 was 7.3% (Seasonally adjusted)
White unemployment for January 2012 was 7.4% (Seasonally adjusted)
White unemployment for December 2011 was 7.5% (Seasonally adjusted)
White unemployment for November 2011 was 7.6% (Seasonally adjusted)
White unemployment for October 2011 was 8.0% (Seasonally adjusted)
White unemployment for September 2011 was 7.9% (Seasonally adjusted)
White unemployment for August 2011 was 7.9% (Seasonally adjusted)
White unemployment for July 2011 was 7.9% (Seasonally adjusted)
White unemployment for June 2011 was 8.1% (Seasonally adjusted)
White unemployment for May 2011 was 7.9% (Seasonally adjusted)
White unemployment for May 2010 was 8.4% (Seasonally adjusted)
_________________

By Sex White unemployment for men 20 years and over

July 2013 increased to 6.3% (Seasonally adjusted)
June 2013 was 6.2% (Seasonally adjusted)
May 2013 was 6.4% (Seasonally adjusted)
April 2013 was 6.4% (Seasonally adjusted)
March 2013 was 6.1% (Seasonally adjusted)
February 2013 was 6.3% (Seasonally adjusted)
January 2013 was 6.6% (Seasonally adjusted)
December 2012 was 6.2% (Seasonally adjusted)
November 2012 was 6.4% (Seasonally adjusted)
October 2012 was 6.6% (Seasonally adjusted)
September 2012 was 6.6% (Seasonally adjusted)
August 2012 was 6.8% (Seasonally adjusted)
September 2012 was % (Seasonally adjusted)
July 2012 was 6.9% (Seasonally adjusted)
June 2012 was 7.0% (Seasonally adjusted)
May 2012 was 7.0% (Seasonally adjusted)
April 2012 was 6.8% (Seasonally adjusted)
March 2012 was 6.8% (Seasonally adjusted)
February 2012 was 6.8% (Seasonally adjusted)
January 2012 was 6.9% (Seasonally adjusted)
December 2011 was 7.1% (Seasonally adjusted)
November 2011 was 7.3% (Seasonally adjusted)
October 2011 was 7.8% (Seasonally adjusted)
September 2011 was 7.7% (Seasonally adjusted)
August 2011 was 7.7% (Seasonally adjusted)
July 2011 was 7.9% (Seasonally adjusted)
June 2011 was 8.1% (Seasonally adjusted)
May 2011 was 7.9% (Seasonally adjusted)
April 2011 was 7.9% (Seasonally adjusted)
May 2010 was 8.4% (Not seasonally adjusted)
September 2009 was 8.7% (Not seasonally adjusted)
August 2010 was 8.9%

_________________

White unemployment for women unemployment 20 years and over

July 2013 decreased to 5.8% (Seasonally adjusted)
June 2013 was 6.0% (Seasonally adjusted)
May 2013 was 5.8% (Seasonally adjusted)
April 2013 was 5.7% (Seasonally adjusted)
March 2013 was 6.1% (Seasonally adjusted)
February 2013 was 6.0% (Seasonally adjusted)
January 2013 was 6.4% (Seasonally adjusted)
December 2012 was 6.3% (Seasonally adjusted)
November 2012 was 6.2% (Seasonally adjusted)
October 2012 was 6.3% (Seasonally adjusted)
September 2012 was 6.3% (Seasonally adjusted)
August 2012 was 6.5% (Seasonally adjusted)
July 2012 was 6.8% (Seasonally adjusted)
June 2012 was 6.6% (Seasonally adjusted)
May 2012 was 6.7% (Seasonally adjusted)
April 2012 was 6.8% (Seasonally adjusted)
March 2012 was 6.6% (Seasonally adjusted)
February 2012 was 6.8% (Seasonally adjusted)
January 2012 was 6.8% (Seasonally adjusted)
December 2011 decreased to 6.8% (Seasonally adjusted)
November 2011 was 6.9% (Seasonally adjusted)
October 2011 was 7.0% (Seasonally adjusted)
September 2011 was 7.1% (Seasonally adjusted)
August 2011 was 7.0% (Seasonally adjusted)
July 2011 was 7.0% (Seasonally adjusted)
June 2011 was 7.1% (Seasonally adjusted)
May 2011 was 7.1% (Seasonally adjusted)
April 2011 was 7.0% (Seasonally adjusted)
May 2010 was 7.0% (Not seasonally adjusted)
September 2009 was 7.2% (Not seasonally adjusted)
August 2010 was 7.1%

_________________
White unemployment for both sexes, 16 to 19 years

July 2013 decreased to 20.3% (Seasonally adjusted)
June 2013 was 20.4% (Seasonally adjusted)
May 2013 was 21.6% (Seasonally adjusted)
April 2013 was 21.8% (Seasonally adjusted)
March 2013 was 22.5% (Seasonally adjusted)
February 2013 was 22.1% (Seasonally adjusted)
January 2013 was 20.8% (Seasonally adjusted)
December 2012 was 21.6% (Seasonally adjusted)
November 2012 was 20.2% (Seasonally adjusted)
October 2012 was 20.6% (Seasonally adjusted)
September 2012 was 21.2% (Seasonally adjusted)
August 2012 was 22.8% (Seasonally adjusted)
July 2012 was 21.5% (Seasonally adjusted)
June 2012 was 20.9% (Seasonally adjusted)
May 2012 was 22.0% (Seasonally adjusted)
April 2012 was 22.8% (Seasonally adjusted)
March 2012 was 22.5% (Seasonally adjusted)
February 2012 was 21.3% (Seasonally adjusted)
January 2012 was 21.1% (Seasonally adjusted) D
ecember 2011 was 20.3% (Seasonally adjusted)
November 2011 was 21.3% (Seasonally adjusted)
October 2011 was 21.7% (Seasonally adjusted)
September 2011 was 21.2% (Seasonally adjusted)
August 2011 was 22.8% (Seasonally adjusted)
July 2011 was 23.0% (Seasonally adjusted)
June 2011 was 21.8% (Seasonally adjusted)
May 2011 was 20.7% (Seasonally adjusted)
April 2011 was 22.3% (Seasonally adjusted)
May 2010 was 25.1% (Not seasonally adjusted)
September 2009 was 23.0% (Not seasonally adjusted)
August 2010 was 23.8%
___________________________________

Seasonally Adjusted
Not Seasonally Adjusted
Seasonal adjustmentis a statistical method for removing the seasonal component of a time series used when analyzing non-seasonal trends. Whereas, not-seasonally-adjusted reflects the actual current data. It is normal to report not-seasonally-adjusted data for current unemployment rates. Seasonally adjusted data may be used for the longer term comparison. Total employment and unemployment vary throughout the year. For example,higher unemployment in January and February isn’t uncommon because of work in agriculture, construction and other seasonal industries slowing down. Also, both employment and unemployment rise every June, when students enter the labor force in search of summer jobs. Seasonally adjusted numbers also take into account seasonal hiring/layoff patterns that go along with winter and summer holidays.

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