July Employment and Unemployment
92,000 New Jobs in 47th Consecutive Month of Job Gains; Unemployment Rate at 4.6%
The Bureau of Labor Statistics released a report today on employment and unemployment for July (pdf summary available at http://www.bls.gov/news.release/pdf/empsit.pdf ).
Highlights of the report:
• Non-farm payroll employment increased by 92,000 new jobs in July, following job gains of 126,000 in June and 188,000 in May.
쳌 July marks the 47th consecutive month with payroll job gains.
쳌 Over 8.3 million new payroll jobs have been created in that period.
쳌 Over the year ending in July, payroll employment grew by close to 1.9 million.
쳌 Payroll job gains averaged 136,000 per month over the first 7 months of 2007, compared with an average monthly gain of 189,000 in 2006.
• The unemployment rate edged up to 4.6% in July, from 4.5% in June.
쳌 The unemployment rate has ranged from 4.4% to 4.6% since last September.
쳌 The unemployment rate remains well below the recent peak of 6.3% in June 2003.
Jeffrey Wrase
Chief Economist, Senate Republicans
jeff_wrase@jec.senate.gov
Highlights of the report:
• Non-farm payroll employment increased by 92,000 new jobs in July, following job gains of 126,000 in June and 188,000 in May.
쳌 July marks the 47th consecutive month with payroll job gains.
쳌 Over 8.3 million new payroll jobs have been created in that period.
쳌 Over the year ending in July, payroll employment grew by close to 1.9 million.
쳌 Payroll job gains averaged 136,000 per month over the first 7 months of 2007, compared with an average monthly gain of 189,000 in 2006.
• The unemployment rate edged up to 4.6% in July, from 4.5% in June.
쳌 The unemployment rate has ranged from 4.4% to 4.6% since last September.
쳌 The unemployment rate remains well below the recent peak of 6.3% in June 2003.
Jeffrey Wrase
Chief Economist, Senate Republicans
jeff_wrase@jec.senate.gov
