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Monday, July 29, 2013

July 2013 Unemployment Rate Jobs Numbers

July 2013 Jobs Numbers and Unemployment Rate have been released.  This post will be updated as specific reports are published.
  • The private payroller, ADP, which always announces its jobs report a day or two ahead of the BLS jobs report, believes that 200,000 private sector jobs were added in July 2013.  Details HERE. 
  • 162,000 new nonfarm payroll jobs (net)
  • 161,000 new private sector nonfarm jobs
  • Prior months revisions:  Down 26,000.
  • Unemployment rate down .2% to 7.4%.
  • Number of people unemployed down 263,000.
  • Government gained 1,000 jobs
  • Civilian labor force declined by 37,000.
  • People employed (includes farm workers and the self-employed) increased by 227,000.  This indicates that the unemployment rate decreased due to people becoming employed, not because people left the labor force. 
  • Alternate (U-6) unemployment rate decreased .3% to 14.0%.
  • The percent of people working full-time essentially the same over the past month, from 80.52% down to 80.46%.  The percent of people working full-time over the past year essentially the same, from 80.48% to 80.46%.  The unemployment rate of people looking for full-time work dropped to 7.6% from 7.9%.
  • The number of long term unemployed (over 27 weeks) dropped by 72,000, but the average duration of unemployment crept up to 36.6 weeks.  Median duration ticked down to 15.7 weeks.  This indicates that, while the newly unemployed person is finding work more quickly, the long-term unemployed person continues to struggle. 

Watch this post.  As details and reports are published Friday, the following links will be added or updated and you will see notations for July replace those for June.

Other Recent Posts About Employment and the Labor Market:

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