A U.S. Bureau of Labor Statistics report released today shows that employment remained essentially unchanged in June, and that the unemployment rate shows very little change. After gains averaging 215,000 jobs per month from February through April, employment has been flat for the past two months.
June’s Labor Statistics report indicates that the number of unemployed persons (14.1 million) and the unemployment rate (9.2 percent) remained essentially unchanged. The report points out that since March, the number of unemployed persons has increased by 545,000, and the unemployment rate has risen by 0.4 percentage points.
According to this latest report, the unemployment rates for adult men was 9.1 percent, adult women 8 percent and teenagers 24.5 percent. It also shows that whites have an 8.1 percent unemployment rate, while that same rate reached 16.2 percent for blacks and 11.6 percent for Hispanics. The jobless rate for Asians was 6.8 percent.
The report adds that in June:
- The number of persons unemployed for less than five weeks increased by 412,000.
- The civilian labor force participation rate, at 64.1 percent, shows very little change.
- The number of persons (8.6 million) employed part-time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged.
- Two million, 700 thousand persons were marginally attached to the labor force, about the same as a year earlier.
Jobs in the leisure and hospitality industries, as well as construction, important for Florida’s economy, were highlighted in the report. It shows that employment in leisure and hospitality edged up in June and has grown by 279,000 since a recent low in January 2010, while construction employment was essentially unchanged after a sharp fall during the 2007-09 period. There has been little movement in construction jobs since early 2010.
Florida’s unemployment rate fell to 10.6 percent in May, according to a survey released in mid-June by the state Agency for Workforce Innovation, the lowest jobless rate in nearly two years.