Nonfarm payroll employment added 209,000 jobs in July, while the unemployment rate, taken from a separate household survey, ticked up to 6.2 percent, the Labor Department said Friday.
by Frank Kalman
August 1, 2014
Employers added 209,000 jobs in July and the unemployment rate ticked up to 6.2 percent, the U.S. Bureau of Labor Statistics said Friday.
The job gains were slower than those reported the month prior but still remain at levels suggessting a continued strength in the economy.
The unemployment rate, taken from a seperate household survey, rose to a seasonally adjusted 6.2 percent in July, a 1.1 percent point increase from the year-earlier period.
Nonfarm payrolls in June were revised up to 298,000 from an earlier estimate of 288,000. Gains from May were also revised up to 229,000 from an earlier estimate of 224,000.
Among the industries with the biggest July job gains were professional and business services, manufacturing, retail and contruction.
The unemployment rate for women increased to 5.7 percent, while the rate for blacks edged up to 11.4 percent, following declines for both groups in the prior month.
The number of long-term unemployed — those jobless for 27 weeks or more — was little changed at 3.2 million in July. In the past year, the number of long-term unemployed has declined by 1.1 million, the Labor Department said.