Friday, July 6, 2012

US employment rises 80,000 in June

Queuing for jobs in California

US employment rose by 80,000 in June, official figures have shown, leaving the unemployment rate unchanged at 8.2%.

Hopes for a high number had risen after Thursday's private sector jobs report came in better than expected.

May's figure of 69,000 new jobs was revised upwards to 77,000.

The figures, from the US Labor Department, show employment growth has slackened from earlier this year when growth averaged more than 200,000.

The figures fall short of the estimated 125,000 monthly pick up in employment needed by the US economy to keep pace with the expanding population.

Most of the jobs growth was in professional and business services with the department saying that employment in other major industries was little changed over the month.

The number of long-term unemployed was unchanged at 5.4 million, with this category making up 41.9% of the unemployed.

The number of people employed for fewer hours than they would be willing to work because of a scarcity of full-time work was also unchanged at 8.2 million.

The category known as "marginally attached" to the workforce, meaning they have not looked for a job in the previous four weeks although they were classed as available for work, fell from 2.7 million to 2.5 million.



Source & Image : BBC

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