Be INFORMED

Friday, August 01, 2008

Unemployment Rises To 5.7 Percent In July

  Not only did the rate rise to 5.7 percent, but, non-farm payroll

also went down in July by some 51,000 jobs. Hardest hit by the

job loses were construction, manufacturing and a few service

industry sectors. Once again, health care and the mining industry

added more jobs. Hourly wages did go up by 6 cents in July.

U.S. Department of Labor

Over the past 12 months, the number of unemployed 
persons has increased by 1.6 million, and the unemployment


rate has risen by 1.0 percentage point.




  Among the unemployed, the number of reentrants to


 the labor force in July rose by 207,000 to 2.7 million.


  The number has increased by 623,000 over the past 12 months.  The number of unemployed persons who had lost their last job 
was about unchanged over the month at 4.4 million, but has


risen by 778,000 over the year.







 

0 Comments: