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Unemployment Drops to 9.5% for June 2010

July 2, 2010

The national unemployment rate dropped 9.5% for June, 2010, according to statistics released by the Bureau of Labor Statistics on July 2, 2010. 

The construction industry saw job losses in June but most business sectors added jobs, including the professional and business services, leisure and hospitality, temporary help, transportation and warehousing, health care, mining, and manufacturing sectors.  More than half a million private sector jobs have been added to the economy so far this year, including 83,000 jobs in June.

Unemployment has largely held steady in 2010, with a 9.7% unemployment rate for the first three months of the year, a slight increase to 9.9% for April, a drop back to 9.7% percent for May and another slight decrease, to 9.5% for June.

About 14.6 million workers remain unemployed and long-term unemployment continues to be a major part of that figure. Approximately 6.8 million Americans have been unemployed for 27 weeks or longer. The long-term unemployed account for approximately 45% of current unemployment.

The unemployment rate for July will be released on Friday, August 6, 2010.

 U.S. Dept. of Labor, Bureau of Labor Statistics Press Release (July 2, 2010)

 

 National Unemployment Rates, 2008 - 2010

   Jan.  Feb.  Mar.  April  May  June  July  Aug. Sept.   Oct.  Nov.  Dec.
 2010  9.7  9.7  9.7  9.9  9.7  9.5            
 2009  7.6  8.1   8.5  8.9  9.4  9.5  9.4  9.7  9.8  10.2  10.0  10.0
 2008  4.9  4.8   5.1 5.0  5.5  5.6 5.8  6.2  6.2    6.6   6.8    7.2 

Source: Bureau of Labor Statistics


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