FXstreet.com (Barcelona) - Non-farm employment has continued its declining trend in June posting their sixth consecutive decline, although the unemployment rate has remained unchanged, according to data released by the US Labor Department.
The total volume of non farm payrolls has declined by 62,000 from May to June, weighed by employment losses in construction, manufacturing , and the employment services, while health care and mining sectors have created employment.
The US unemployment rate has remained unchanged from the previous month at 5.5% of the working population, up from the 4.6% unemployment rate in June 2007. The number of unemployed persons has risen to 8.5 million in June from 7.0 million in June last year.
The average workweek has remained unchanged at 33.7 hours seasonally adjusted, while average hourly earnings have increased by 6 cents, or 0.3% to $18.01. Average weekly earnings have increased by 3.4% in the last 12 months.