Payrolls drop 125K

Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5%, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflected a decrease (225,000) in the number of temporary employees working on Census 2010. Private-sector payroll employment edged up by 83,000.

Household Survey Data

Both the number of unemployed persons, at 14.6 million, and the unemployment rate, at 9.5%, edged down in June.

In June, the number of long-term unemployed (those jobless for 27 weeks and longer) was unchanged at 6.8 million. These individuals made up 45.5% of unemployed persons.

The civilian labor force participation rate fell by 0.3% in June to 64.7%. The employment-population ratio, at 58.5%, edged down over the month.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 8.6 million, was little changed over the month but was down by 525,000 over the past two months. These individuals were working part time because their hours had been cut back or because they were unable to find a fulltime job.

In June, about 2.6 million persons were marginally attached to the labor force, an increase of 415,000 from a year earlier. (The data

are not seasonally adjusted.) 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 the marginally attached, there were 1.2 million discouraged workers in June, up by 414,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.4 million persons marginally attached to the labor force had not searched for work in the four weeks preceding the survey for reasons such as school attendance or family responsibilities.

Click here for the complete report with tables.

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