Written By ESR News Blog Editor Thomas Ahearn
Total nonfarm employment in the United States increased by 215,000 jobs in July while the unemployment rate and the number of unemployed persons both remained unchanged at 5.3 percent and 8.3 percent respectively, according to ‘THE EMPLOYMENT SITUATION — JULY 2015’ released by the U.S. Department of Labor Bureau of Labor Statistics. The latest jobs report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.
Over the year, the July 2015 jobs report found the unemployment rate and the number of unemployed persons were down by 0.9 percentage point and 1.4 million, respectively. The economy had an average monthly gain of 246,000 jobs over the prior 12 months. In July, job gains occurred in retail trade, food services and drinking place, health care, professional and business services, and financial activities.
- Retail trade employment increased by 36,000 jobs in July and has risen by 322,000 jobs over the year.
- Food services and drinking places employment continued to trend up in July with 29,000 jobs added and has increased by 376,000 jobs over the year.
- Health care employment added 28,000 jobs in July and has added 436,000 jobs over the year.
- Professional and business services employment added 27,000 jobs in July. Over the past 12 months, professional and technical services has added 301,000 jobs.
- Financial activities employment rose by 17,000 jobs in July and has risen by 156,000 jobs over the past 12 months.
- Manufacturing employment edged up with 15,000 jobs added.
- Transportation and warehousing employment continued to trend up in July with 14,000 jobs added and has risen by 146,000 jobs over the year.
On the negative side, mining employment lost 5,000 jobs in July and has declined by 78,000 jobs since a recent high in December 2014. Employment in other major industries including construction, wholesale trade, information, and government, showed little change over the month.
The July jobs report also revised the change in total nonfarm payroll employment for May from 254,000 jobs added to 260,000 jobs added while the change for June was revised from 223,000 jobs added to 231,000 jobs added. With these revisions, employment gains in April and May combined were 14,000 higher than previously reported. Over the past 3 months, job gains have averaged 235,000 per month.
The Employment Situation for July is scheduled to be released on September 4, 2015.
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