Unemployment drops slightly to 9.5 percent

Posted on 02 July 2010

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The unemployment rate edged down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. That's down slightly, from 9.7 percent in May.

The decline in payroll employment reflected a decrease of 225,000 in the number of temporary employees working on Census 2010. Private-sector payroll employment edged up by 83,000.

However, these figures do not include 2.6 million people classified as "marginally attached to the labor force" who had not searched for work in the four weeks preceding the survey. That figure is an increase of 415,000 from a year earlier.

Both the number of unemployed persons, at 14.6 million, and the unemployment rate, at 9.5 percent, edged down in June.

In June, the number of long-term unemployed (those jobless for 27 weeks or more) was unchanged at 6.8 million.

The number of people employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 8.6 million, was little changed in the month, but was down by 525,000 during the last two months.

The employment figures come just after Congress adjourned for the holiday weekend without extending jobless benefits to million of unemployed workers.

Click here for the full release.

Comments

3 Friday, 02 July 2010 21:07

Stop putting a spin that things are getting better.There getting worst and im a positive but realistic person and i feel were heading for even worst times.People are worried about there jobs if they have one?

2 Friday, 02 July 2010 20:34

Here are a few more statistics to consider when doing your floor plan. May's pending home sales index was the lowest in nine years. Mortgage rates are at a five decade plus low but there is no rush to the bank. Construction spending fell in May and stocks had their worst quarterly performance since the de- regulated financial market crashed and took us with it . Auto sales went south in May.Add this to the preceding article..and it will fog the rose colored glasses of any dealer thinking the economy is improving. Everyone in the industry needs to be wearing a PFD

1 Friday, 02 July 2010 17:28

I wonder what the unemployment rate is in the marine industry.

I would guess 40 to 60 %. Does the NMMA or the MRRA or anyone

keep up with it ?

 

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