Amid fears of a stalled economic recovery, the Bureau of Labor Statistics today reported that employment fell by 125,000 jobs in June, consistent with consensus estimates. The June numbers reflect a loss of 225,000 temporary government jobs for the 2010 Census. Private-sector payrolls added 83,000 jobs. The economy is still short 7.9 million jobs from the employment levels seen at start of the recession in December 2007.
Jobs gains were more broad-based in June, with jobs added in leisure and hospitality, temporary help services, management and technical consulting, business support services, health care, mining, manufacturing, and transportation and warehousing. Construction employment continued its decline.
Along with the preliminary report for June, the BLS issued its Final Estimate of job gains for April at 313,000 jobs, up 23,000 from its revised estimate of 290,000. May's preliminary estimate was revised slightly upwards, for a gain of 433,000 jobs. One more revision for May may still occur.
The unemployment rate dropped to 9.5 percent from 9.7 percent; economists had predicted a slight rise.

















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