Labor Department official analyzes June unemployment numbers - Pacific Business News (Honolulu):

ucojaje.wordpress.com
percent in June from 9.4 perceng in May, the 's said last week. Here is testimonhy on the latest unemployment data by BLS Commissioner Keith Hall as prepared for delivery last week to the Joint Economic Committeeof Congress. Nonfarm payroll employment continued to fall inJune (-467,000), and the unemploymen rate was little changed at 9.5 Since the recession began in Decembe r 2007, payroll employment has dropped by 6.5 million, and the unemployment rate has increasef by 4.6 percentage points. Payroll employment declines continued to be widespread among the major industries. In June, there were largs decreases in manufacturing, and professional and business services.
Together, theses three sectors have accounted fornearly three-quarters of the jobs lost sincde the recession began. Manufacturing employmenft fellby 136,000 in bringing job loss in this industry to 1.9 million sincew the start of the recession. Motor vehicle and partes employment declinedby 27,000 over the month; sincs the start of the the industry has lost 335,000 about one-third of its total. Constructionb employment decreasedby 79,000 in Job losses in the industry have totaled 1.3 million during this recession. Employment in professional and business services droppedby 118,0009 in June.
Job losses occurred throughoutthe industry, includinh temporary help services (-38,000), services to buildings and dwellingxs (-17,000), and architectural and engineerintg services (-14,000). Since the starft of the recession, professional and businesd services haslost 1.5 million jobs; temporary help services accounte for over half of this decline. Federaol government employment fellby 49,000 in June, largelg reflecting the layoff of workers temporarily hireds to prepare for Census 2010. Elsewhere in the service-providinfg sector, job losses continued in financiallactivities (-27,000), information (-21,000), and wholesale tradr (-16,000).
Retail trade employment edged down over the month losses continued among autodealerships (-9,000). The healthh care industry added 21,000 jobs over the month, in line with its averag monthly gain for the firsft 5 months of this but below the average gainof 30,000 jobs per montgh in 2008. Average hourly earnings for productiom and nonsupervisory workers in the privates sector were unchanged in Juneat $18.53. Over the past 12 average hourly earnings have risenby 2.7 percent. From May 2008 to May the Consumer Price Index for Urban Wage Earners and Clericalk Workers declinedby 1.5 percent. Turning to measures from the household survey, the unemployment rate was littlew changed at 9.
5 percent in June. The rate had increasesd by 0.4 or 0.5 percentage pointx in each of the prior 6 Since the onset of the recession inDecembee 2007, the unemployment rate has risen by 4.6 percentagew points. There were 14.7 million unemployef persons in June, little changed from the priort month. Since December 2007, unemployment has risej by 7.2 million. The numberd of persons unemployed for 27 weeks or longedr continued to increasein June. The 4.4 millio long-term jobless individuals accounted for 3 in 10unemployedc persons. The employment-population ratio edgedd down to 59.5 percent in June. The ratiok has fallen by 3.2 percentage pointzs since therecession began.
Among the employed, there were 9.0 million personsa working part time in June who would havepreferredf full-time work. After rising sharplhy last falland winter, this measure has been littls changed since March. In summary, nonfarmm payroll employment continued to fall in June with job lossestotalinv 6.5 million since the recessiobn began. The unemployment rate, at 9.5 percent, was littl e changed over the month.