Unemployment at 8.3 percent in July

Author:
Updated:
Original:

An estimated 163,000 jobs were added in July, but the unemployment rate edged up to 8.3 percent, the U.S. Bureau of Labor Statistics reported today.

Employment rose in professional and business services, food services and drinking places, and manufacturing.

In July, the number of long-term unemployed (jobless for 27 weeks or more) was little changed, at 5.2 million. These individuals accounted for 40.7 percent of the unemployed.

The number of people employed part time because their hours had been cut or they were unable to find full-time work was essentially unchanged, at 8.2 million, in July.

In July, 2.5 million people were marginally attached to the labor force, down from 2.8 million a year earlier. These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.

Among them, there were 852,000 discouraged workers in July, a decline of 267,000 from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.

Manufacturing employment rose in July (up 25,000), with nearly all of the increase in durable goods manufacturing. Within durable goods, the motor vehicles and parts industry had fewer seasonal layoffs than is typical for July, contributing to a seasonally adjusted employment increase of 13,000. Employment continued to trend up in fabricated metal products (up 5,000).

Click here for the full release.

Related

Fairline Yachts Acquired

For the third time in five years, the esteemed U.K. builder has changed hands.

Free Fishing Fun with Cabela’s and Bass Pro Shops

To launch their Gone Fishing promotion, the outdoors companies are donating 40,000 rods and reels to youth-fishing partners and holding free in-store fishing events June 19-20.

Yamaha Rightwaters to Support Wetlands Conservation

The marine manufacturer’s national sustainability program will sponsor the Ducks Unlimited Gulf Coast Initiative.

Boatsetter Enters Global Luxury Yacht Market

With its Boatsetter Lux service, the company is expanding its peer-to-peer rental market into the luxury category.

A Collective Voice Against Tariffs

Organizations in the E.U. and U.S. have issued a statement ahead of next week’s Brussels Summit urging for the termination of retaliatory tariffs.

ABYC Free Webinar Series Returns

The association’s online learning events will continue with “Fuel System Troubleshooting” on June 17.

Getting to Know the Newbies

At last week’s Partners Outdoors symposium, RBFF’s Stephanie Vatalaro shared information that can help the marine industry get to know its new audiences.

Switching to Compostable Bags

Foul-weather gear maker Grundéns will start using eco-packaging that you can cut up and use in the garden.