Total nonfarm payroll employment in the United States increased by 162,000 jobs in July 2013 while the unemployment rate edged down to 7.4 percent and the number of unemployed persons dropped to 11.5 million, according to ‘THE EMPLOYMENT SITUATION — JULY 2013’ report released today by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The BLS Employment Situation Report is released on the first Friday of each month at http://www.bls.gov/news.release/pdf/empsit.pdf.
The July 2013 Employment Situation Report revised the change in total nonfarm payroll employment for May 2013 from 195,000 jobs added down to 176,000 jobs added while the change for June 2013 was revised from 195,000 jobs added down to 188,000 jobs added. With these revisions, employment gains in May 2013 and June 2013 combined were 26,000 jobs less than previously reported.
Employment rose in retail trade, food and drinking places, professional and business services, financial activities, and wholesale trade during July 2013. Over the prior 12 months, employment growth has averaged 189,000 jobs per month. Among specific industries, the report found:
- Retail trade employment added 47,000 jobs in July 2013 and has added 352,000 jobs over the past 12 months.
- Leisure and hospitality employment in food services and drinking places increased by 38,000 jobs in July 2013 and by 381,000 jobs over the year.
- Professional and business services employment added 36,000 jobs in July 2013.
- Financial activities employment increased by 15,000 jobs in July 2013 and has added 120,000 jobs over the year.
- Wholesale trade employment increased by 14,000 jobs in July 2013 and the industry has added 83,000 jobs over the past 12 months.
- Employment in other major industries including manufacturing, health care, mining and logging, construction, transportation and warehousing, and government showed little change in July 2013.
The August 2013 Employment Situation Report is scheduled to be released on Friday, September 6, 2013. For the latest employment news updates, visit the Bureau of Labor Statistics website at http://bls.gov/.
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