Jobs Report Better Than Expected, But Unemployment Rate Rises To 8.3%

WASHINGTON, D.C. – The nation’s economy added 163,000 jobs in July, beating analysts’ predictions that called for a gain of approximately 100,000. However, the unemployment rate still rose 0.1 percent to 8.3 percent, according to data released today by the U.S. Bureau of Labor Statistics

In July, the number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 5.2 million. These individuals accounted for 40.7 percent of the unemployed.

Since the beginning of this year, employment growth has averaged 151,000 jobs per month, about the same as the average monthly gain of 153,000 in 2011. In July, employment rose in professional and business
services, food services and drinking places, and manufacturing.

Employment in professional and business services increased by 49,000 in July. Computer systems design added 7,000 jobs, and employment in temporary help services continued to trend up (+14,000).

Within leisure and hospitality, employment in food services and drinking places rose by 29,000 over the month and by 292,000 over the past 12 months.

Manufacturing employment rose in July (+25,000), with nearly all of the increase in durable goods manufacturing. Within durable goods, the motor vehicles and parts industry had fewer seasonal layoffs than is typical for July, contributing to a seasonally adjusted employment increase of 13,000. Employment continued to trend up in fabricated metal products (+5,000).

Employment also continued to trend up in health care in July (+12,000), with over-the-month gains in outpatient care centers (+4,000) and in hospitals (+5,000).

Utilities employment declined in July (-8,000). The decrease reflects 8,500 utility workers who were off payrolls due to a labor-management dispute.

Employment in other major industries, including mining and logging, construction, retail trade, transportation and warehousing, financial activities, and government, showed little or no change over the month.

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