Thursday, July 03, 2008
Tweet[IWS] BLS: THE EMPLOYMENT SITUATION: JUNE 2008 [3 July 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
THE EMPLOYMENT SITUATION: JUNE 2008 [3 July 2008]
http://www.bls.gov/news.release/empsit.nr0.htm
or
http://www.bls.gov/news.release/pdf/empsit.pdf
[full-text, 29 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/empsit.supp.toc.htm
Nonfarm payroll employment continued to trend down in June (-62,000), while
the unemployment rate held at 5.5 percent, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today. Employment continued to fall in
construction, manufacturing, and employment services, while health care and
mining added jobs. Average hourly earnings rose by 6 cents, or 0.3 percent,
over the month.
Unemployment (Household Survey Data)
The number of unemployed persons was essentially unchanged in June, at
8.5 million, and the unemployment rate held at 5.5 percent. A year earlier,
the number of unemployed persons was 7.0 million, and the jobless rate was
4.6 percent. (See table A-1.)
The unemployment rate for Hispanics (7.7 percent) increased over the month,
while the rate for adult men (5.1 percent) continued to trend up. Jobless
rates for adult women (4.7 percent), teenagers (18.1 percent), whites (4.9 per-
cent), and blacks (9.2 percent) showed little or no change in June. The unem-
ployment rate for Asians was 4.5 percent, not seasonally adjusted. (See tables
A-1, A-2, and A-3.)
Among the unemployed, the number of persons who had lost their last job was
essentially unchanged at 4.4 million in June, but has risen by 952,000 over the
past 12 months. The numbers of unemployed reentrants and new entrants to the
labor force were little changed in June; both groups had increased sharply in
May. (See table A-8.)
Following a large increase in May, the number of newly unemployed--those job-
less fewer than 5 weeks--decreased by 532,000 in June. The number of persons un-
employed 5 to 14 weeks rose by 530,000 over the month. The number of long-term
unemployed (those persons jobless for 27 weeks or more) was essentially unchanged
in June at 1.6 million; this group accounted for 18.4 percent of the unemployed.
(See table A-9.)
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
THE EMPLOYMENT SITUATION: JUNE 2008 [3 July 2008]
http://www.bls.gov/news.release/empsit.nr0.htm
or
http://www.bls.gov/news.release/pdf/empsit.pdf
[full-text, 29 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/empsit.supp.toc.htm
Nonfarm payroll employment continued to trend down in June (-62,000), while
the unemployment rate held at 5.5 percent, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today. Employment continued to fall in
construction, manufacturing, and employment services, while health care and
mining added jobs. Average hourly earnings rose by 6 cents, or 0.3 percent,
over the month.
Unemployment (Household Survey Data)
The number of unemployed persons was essentially unchanged in June, at
8.5 million, and the unemployment rate held at 5.5 percent. A year earlier,
the number of unemployed persons was 7.0 million, and the jobless rate was
4.6 percent. (See table A-1.)
The unemployment rate for Hispanics (7.7 percent) increased over the month,
while the rate for adult men (5.1 percent) continued to trend up. Jobless
rates for adult women (4.7 percent), teenagers (18.1 percent), whites (4.9 per-
cent), and blacks (9.2 percent) showed little or no change in June. The unem-
ployment rate for Asians was 4.5 percent, not seasonally adjusted. (See tables
A-1, A-2, and A-3.)
Among the unemployed, the number of persons who had lost their last job was
essentially unchanged at 4.4 million in June, but has risen by 952,000 over the
past 12 months. The numbers of unemployed reentrants and new entrants to the
labor force were little changed in June; both groups had increased sharply in
May. (See table A-8.)
Following a large increase in May, the number of newly unemployed--those job-
less fewer than 5 weeks--decreased by 532,000 in June. The number of persons un-
employed 5 to 14 weeks rose by 530,000 over the month. The number of long-term
unemployed (those persons jobless for 27 weeks or more) was essentially unchanged
in June at 1.6 million; this group accounted for 18.4 percent of the unemployed.
(See table A-9.)
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 8:36 AM
