Unemployment Rate Increases to 8.3% in July


The unemployment rate rose .1% to 8.3% in July. The employment – population ration fell .2% to 58.4% while the labor force participation rate dropped .1% to 63.7% Often, when the unemployment rate rises, these numbers do as well. Because these rates lowered, it means there are fewer total people in the labor force and fewer of them are working.

Somewhat at odds with the other figures in the July release, total nonfarm payroll increased 163,000 jobs to 133.2 million. In addition, the median duration of unemployment fell an enormous 3.1 weeks.

For more information, see our Employment Report

–from The St. Louis Federal Reserve and the Bureau of Labor Statistics


Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: