That wasn’t enough to reduce the unemployment rate, which remained at 9.5 percent as overall employment declined by 131,000. Federal government employment fell by 143,000 as temporary workers hired for the decennial census completed their jobs.
“This year we’ve seen the creation of 630,000 private sector jobs – steady growth averaging 90,000 new private sector jobs each month, which tracks closely with what the Council of Economic Advisors had predicted earlier this year,” Hollis said.
In July, the number of long-term unemployed (those jobless for 27 weeks or longer) was little changed at 6.6 million. These individuals made up 44.9 percent of all unemployed workers.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged over the month at 8.5 million but has declined by 623,000 since April. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
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