|
Latest USA Employment Report Suggests Cooling Economy but no collapse
[BLS.gov] Total nonfarm payroll employment increased by 206,000 in June, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in government, health care, social assistance, and construction...The number of long-term unemployed (those jobless for 27 weeks or more) rose by 166,000 to 1.5 million in June. This measure is up from 1.1 million a year earlier....The change in total nonfarm payroll employment for April was revised down by 57,000, from +165,000 to +108,000, and the change for May was revised down by 54,000, from +272,000 to +218,000. With these revisions, employment in April and May combined is 111,000 lower than previously reported. ---------------- there are about 160M employed; there are about 8M people holding multiple jobs; also calculating unemployment by including discouraged potential employees would bring the rate to about 4.9%; including people working part time who would rather work full time would bring it to 7.4% Posted by: Lord Garth 2024-07-06 |
| http://www.rantburg.com/poparticle.php?ID=703106 |