Both the unemployment rate (6.2 percent) and the number of unemployed persons (9.7
million)changed little in July.
Over the past 12 months, the unemployment rate and the number of unemployed persons
have declined by 1.1 percentage points and 1.7 million, respectively.
The civilian labor force participation rate, at 62.9 percent, changed little in July. The
participation rate has been essentially unchanged since April.
The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers), at 7.5 million, was unchanged 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, employment grew in professional and business services, manufacturing, retail trade, and construction.
Professional and business services added 47,000 jobs in July and has added 648,000
jobs over the past 12 months.
- Manufacturing added 28,000 jobs in July. Job gains occurred in motor vehicles and parts (+15,000) and in furniture and related products (+3,000).
- In July, retail trade employment rose by 27,000.
- Employment in construction increased by 22,000 in July.
- Social assistance added 18,000 jobs over the month.
Mining added 8,000 jobs in July, with the bulk of the increase occurring in support
activities for mining (+6,000). Over the year, mining employment has risen by 46,000.
- In July, average hourly earnings for all employees on private nonfarm payrolls edged up by 1 cent to $24.45.