Your Post-Fourth of July Economy Update
4:15 pm, July 5th | by Colette McIntyre
According to the latest data from the Bureau of Statistics, the economy has added 195,000 new jobs in June — surpassing the 165,000 jobs that analysts expected — yet the unemployment rate remained unchanged at 7.6 percent, except for adult women: for us ladies, the unemployment rate edged up to 6.8 percent. (What’s up with that, ‘MURICA?) The unemployment rate and the number of unemployed persons have shown little change since February.
While the increase in new jobs exceeded expectations, the government lost 7,000 jobs in June, 5,000 of those being at the federal level. Manufacturing jobs were stagnant, leisure and hospitality added 75,000 jobs, and retail added 37,000. Employment also rose in health care, professional and business services, and financial activities.