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National Employment Monthly Update

National Employment Monthly Update

8/1/2014

Unemployment at 6.2 Percent in July 2014

The national unemployment rate rose slightly in July, to 6.2 percent, up one-tenth of a percentage point over June. This marks the eighth consecutive month where unemployment has been below seven percent. Compared to a year ago, it is a drop of 1.1 percentage points over the 7.3 percent unemployment rate for July 2013.

The number of long-term unemployed, those jobless for 27 weeks or more, remained steady, at 3.2 million workers. Long-term unemployment accounts for 32.9 percent of those unemployed in July but is down by 1.1 million workers over the last year.

Approximately 209,000 new jobs were created for the month, which is equal to the current 12-month average for job creation. Business sectors seeing job growth in July included business services, manufacturing, retail trade, construction, health care and mining. Employment in wholesale trade, transportation and warehousing, financial services, leisure and hospitality, and government was little changed for the month.

Unemployment figures for August will be released on Friday, Sept. 5, 2014.

U.S. Dept. of Labor, Bureau of Labor Statistics Press Release

 National Unemployment Rates,  2008 - 2014

   Jan.  Feb.  Mar.  April  May  June  July  Aug.  Sept.  Oct.  Nov.  Dec.
 2014   6.6   6.7   6.7   6.3   6.3   6.1   6.2          
 2013   7.9   7.7   7.5   7.5   7.5   7.5   7.3   7.2   7.2    7.2    7.0    6.7
 2012   8.3   8.3   8.2   8.1   8.2   8.2   8.2   8.1   7.8    7.9    7.8    7.8
 2011   9.0   8.9   8.8   9.0   9.1   9.2   9.1   9.1   9.1    9.0    8.6    8.5
 2010   9.7   9.7   9.7   9.9   9.7   9.5   9.5   9.6   9.6    9.6    9.8    9.4
 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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