U.S. Bureau Of Labor Statistics Updates

Employment situation summary for July 2018

unemployment stats

According to the U.S. Bureau of Labor Statistics employment situation summary released August 3rd, 2018, unemployment edged down to 3.9 percent in July, after increasing in June, and the number of unemployed declined by 284,000 to 6.3 million. Employment ticked up in professional and business services, manufacturing, and health care and social assistance.

In July, the marginally attached to the workforce—unemployed, available for work, and have looked for a job in the last 12 months—was 1.5 million. There were 512,000 discouraged workers, little changed from the same time last year. (These individuals are not counted in the unemployed because they had not looked for a job in the last four weeks.)

The number of long-term unemployed (those who have been jobless for 27 weeks or more) was essentially the same at 1.4 million. These individuals accounted for 22.7 percent of the unemployed.

Visit the U.S. Bureau of Labor Statistics for the complete summary.

 

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