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Posted by: thepinetree on 08/04/2017 08:58 AM Updated by: thepinetree on 08/04/2017 08:58 AM
Expires: 01/01/2022 12:00 AM
:

Economy Adds 209,000 Jobs in July, Unemployment Rate Little Changed at 4.3 Percent

Washington, DC....Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data, Both the unemployment rate, at 4.3 percent, and the number of unemployed persons, at 7.0 million, changed little in July. After declining earlier in the year, the unemployment rate has shown little movement in recent months.




Among the major worker groups, the unemployment rates for adult men (4.0 percent), adult
women (4.0 percent), teenagers (13.2 percent), Whites (3.8 percent), Blacks (7.4 percent),
Asians (3.8 percent), and Hispanics (5.1 percent) showed little or no change in July.
(See tables A-1, A-2, and A-3.)

Among the unemployed, the number of long-term unemployed (those jobless for 27 weeks or
more) was little changed at 1.8 million in July and accounted for 25.9 percent of the
unemployed. (See table A-12.)

The labor force participation rate, at 62.9 percent, changed little in July and has shown
little movement on net over the past year. The employment-population ratio (60.2 percent)
was also little changed in July but is up by 0.4 percentage point over the year.
(See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as
involuntary part-time workers), at 5.3 million, was essentially unchanged in July. These
individuals, who would have preferred full-time employment, were working part time because
their hours had been cut back or because they were unable to find a full-time job.
(See table A-8.)

In July, 1.6 million persons were marginally attached to the labor force, down by 321,000
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 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 536,000 discouraged workers in July, essentially
unchanged over the year. Discouraged workers are persons not currently looking for work
because they believe no jobs are available for them. The remaining 1.1 million persons
marginally attached to the labor force in July had not searched for work for reasons such
as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 209,000 in July. Job gains occurred in food
services and drinking places, professional and business services, and health care.
Employment growth has averaged 184,000 per month thus far this year, in line with the
average monthly gain in 2016 (+187,000). (See table B-1.)

Employment in food services and drinking places rose by 53,000 in July. The industry has
added 313,000 jobs over the year.

Professional and business services added 49,000 jobs in July, in line with its average
monthly job gain over the prior 12 months.

In July, health care employment increased by 39,000, with job gains occurring in ambulatory
health care services (+30,000) and hospitals (+7,000). Health care has added 327,000 jobs
over the past year.

Employment in mining was essentially unchanged in July (+1,000). From a recent low in
October 2016 through June, the industry had added an average of 7,000 jobs per month.

Employment in other major industries, including construction, manufacturing, wholesale
trade, retail trade, transportation and warehousing, information, financial activities,
and government, showed little change over the month.

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5
hours in July. In manufacturing, the workweek was also unchanged at 40.9 hours, and
overtime remained at 3.3 hours. The average workweek for production and nonsupervisory
employees on private nonfarm payrolls was 33.7 hours for the fourth consecutive month.
(See tables B-2 and B-7.)

In July, average hourly earnings for all employees on private nonfarm payrolls rose by 9
cents to $26.36. Over the year, average hourly earnings have risen by 65 cents, or 2.5
percent. In July, average hourly earnings of private-sector production and nonsupervisory
employees increased by 6 cents to $22.10. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for May was revised down from +152,000 to
+145,000, and the change for June was revised up from +222,000 to +231,000. With these
revisions, employment gains in May and June combined were 2,000 more than previously
reported. Monthly revisions result from additional reports received from businesses and
government agencies since the last published estimates and from the recalculation of
seasonal factors. Over the past 3 months, job gains have averaged 195,000 per month.

_____________
The Employment Situation for August is scheduled to be released on Friday,
September 1, 2017, at 8:30 a.m. (EDT).



________________________________________________________________________________________
| |
| 2017 CES Preliminary Benchmark Revision will be released on September 6, 2017 |
| |
| Each year, the Current Employment Statistics (CES) survey estimates are benchmarked |
| to comprehensive counts of employment from the Quarterly Census of Employment and |
| Wages (QCEW) for the month of March. These counts are derived from state unemployment |
| insurance (UI) tax records that nearly all employers are required to file. On |
| September 6, 2017, at 10:00 a.m. (EDT), the Bureau of Labor Statistics (BLS) will |
| release the preliminary estimate of the upcoming annual benchmark revision to the |
| establishment survey employment series. This is the same day the first-quarter 2017 |
| data from the QCEW will be issued. Preliminary benchmark revisions for all major |
| industry sectors, as well as total nonfarm and total private levels, will be available |
| on the BLS website at www.bls.gov/web/empsit/cesprelbmk.htm. |
| |
| The final benchmark revision will be issued with the publication of the January 2018 |
| Employment Situation news release in February 2018. |
|________________________________________________________________________________________|





 



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Thanks
Posted on: 2017-08-04 09:20:09   By: Anonymous
 
Thank You President Trump !!

[Reply ]

    Re: Thanks
    Posted on: 2017-08-04 09:22:26   By: Anonymous
     
    Thanks Donald!

    [Reply ]

      Re: Thanks
      Posted on: 2017-08-04 09:56:23   By: Anonymous
       

      In 2001 George W. Bush inherited from President Bill Clinton both a (1) balanced budget and (2) a surplus.

      "W" proceeded on to ruin both...

      Same deal happening. Trump is inheriting good economics -- watch his "art of the deal" ruin both, even worse than "W" did.

      Oh, wait... Trump is resigning 2 weeks from today.

      JOY!


      [Reply ]

        Re: Thanks
        Posted on: 2017-08-04 10:12:52   By: Anonymous
         
        Words from the Amazing Kreskin ! HAHAHA ^

        [Reply ]

          Re: Thanks President Trump
          Posted on: 2017-08-04 10:42:35   By: Anonymous
           
          President Donald Trump was quick to react, praising the numbers as indicative of stronger growth.

          Excellent Jobs Numbers just released - and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!

          Come on America. Get on the Trump Train. The winners already have boarded! The losers are welcome. We changed a Governor, why not you!

          [Reply ]

            Re: Thanks President Trump
            Posted on: 2017-08-04 10:49:54   By: Anonymous
             
            Record 153,513,000 Employed in July; 62.9% Labor Force Participation
            By Susan Jones | August 4, 2017 | 8:37 AM

            (CNSNews.com) - President Trump was awake early on this "employment report" Friday, tweeting about jobs, regulation-busting, and consumer confidence, among other things.

            A few hours later, the Labor Department's Bureau of Labor Statistics said the economy added 209,000 jobs in July; the number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record; the number of Americans counted as not in the labor force, meaning they don't have a job and are not looking for one, dropped for a third straight month to 94,657,000; and the nation's unemployment rate also dropped a tenth of a point, to 4.3 percent.

            The labor force participation rate, held down in part by a wave of Baby Boomer retirements, was 62.9 percent in July, slightly better than it has been in recent months, but still close to its 38-year low of 62.4 percent in September 2015. (The record high ws 67.3 percent in 2000.)

            In several tweets Friday morning before the Labor Department released its July jobs report, President Trump wrote:

            "Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!"

            "....and don't forget that Foxconn will be spending up to 10 billion dollars on a top of the line plant/plants in Wisconsin."

            "Consumer confidence is at a 16 year high....and for good reason. Much more regulation "busting" to come. Working hard on tax cuts & reform!"

            President Trump, Making America Great Again.

            [Reply ]

              Re: Thanks President Trump
              Posted on: 2017-08-04 10:58:59   By: Anonymous
               



              "We're whining.... whining so big! Don't you love whining?! Like I do about the Russia investigation?" -- Trump






              [Reply ]

No Subject
Posted on: 2017-08-04 09:46:44   By: Anonymous
 
Thanks Obama. An economist knows who built the foundation.

[Reply ]

    Re:
    Posted on: 2017-08-04 10:38:25   By: Anonymous
     
    Obama did everything he could to destroy our solid economic foundation! His goal by his rhetoric was a Venezuelan economy that now cant even provide toilet paper

    [Reply ]

    Mental Problem
    Posted on: 2017-08-04 10:52:23   By: Anonymous
     
    Obama may have spent eight years groveling in the dirt, but he didn't build any economic foundation.

    The "dirt" was the trashed economy bush , Greenspan & the banks made. Obama rebuilt the economy , if you deny this you have a mental problem .

    Remember? He told us; "He Didn't build that"!

    He was speaking to Rmoney saying the wealthy can't say they built American infrastructure .Again a mental problem typical of Foxbots

    We have Fox and hate radio to thank for the crap some believe. It is fake news, but they believe it and walk around spouting manure they heard on Fox, the radio.

    We have GOP Tv- Fox to thank for our divided nation.
    A divided nation is easier to control.
    Trump spouting lies today, yesterday, everyday. His cult members believe the crap he says, it is all lies.

    This is all to make it easier for the 1% to control the 99%.

    You're Being Played, Wake The Up.


    [Reply ]

      Re: Mental Problem
      Posted on: 2017-08-04 12:54:05   By: Anonymous
       
      And then there's the new shadow of a weakening American dollar in the global economy. Am pretty sure FOX isn't commenting on that. ;)

      [Reply ]

      Re: Leftist Mental Problems
      Posted on: 2017-08-04 13:40:17   By: Anonymous
       
      To all the ANTI TRUMP CLOWNS . . . "Liars can figure but figures don't lie"


      [Reply ]

        Re: Leftist Mental Problems
        Posted on: 2017-08-04 13:52:21   By: Anonymous
         


        [Reply ]

          Re: Leftist Mental Problems
          Posted on: 2017-08-04 14:17:49   By: Anonymous
           
          You should , you're the one getting it.

          [Reply ]

        Re: Leftist Mental Problems
        Posted on: 2017-08-04 14:31:37   By: Anonymous
         
        The figures are in line with the steady growth and the increase in jobs consistent with the growth over the last NINE years!!
        Not unexpected...


        [Reply ]

          Re: Leftist Mental Problems
          Posted on: 2017-08-04 14:53:44   By: Anonymous
           
          Viva la Maduro

          [Reply ]

        Re: Leftist Mental Problems
        Posted on: 2017-08-04 15:27:21   By: Anonymous
         
        Right!. Surely you remember all the Republicans and Fox talking heads who claimed every good employment number in the Obama years was fake. Now your guy comes in, does nothing relevant for 6 months, and the employment numbers are the gold standard. You are such F...ing hypocrites.

        This is Obama's economy until Trump does something that might plausibly change it. Unemployment is on a virtually straight slope down for the past 8 years (i.e., it was increasing under W but peaked in the months right after Obama was sworn in and then started down as Obama and the Democrats passed the Stimulus Bill and made other changes to fix the Great Recession). When Trump and the Republicans actually do something, you can start giving them credit for what happens to the economy.

        [Reply ]

          Re: Leftist Mental Problems
          Posted on: 2017-08-04 17:17:29   By: Anonymous
           
          Because Obama did not believe in a market based economy. Look at his "Signature Achievement" Obamacare. It is generational theft and an economic drain on everything it touches.

          [Reply ]

            Re: Leftist Mental Problems
            Posted on: 2017-08-04 17:53:28   By: Anonymous
             
            Really
            trump is not at all responsible for the great jobs report
            He is though responsible for the plummeting dollar
            he does not even know how this economy works
            He has more mental problems than any one that speaks the TRUTH AND FACTS
            Idiots follow idiots i guess
            Obama best President ever
            Trump worst President ever
            JUST A FACT JACK

            [Reply ]

              Re: Leftist Mental Problems
              Posted on: 2017-08-04 18:46:37   By: Anonymous
               
              ^ 5150

              [Reply ]

              Re: Leftist Mental Problems
              Posted on: 2017-08-04 21:11:06   By: Anonymous
               
              I know and look how much Wall St. hates Trump. It has been tanking, oh wait, never mind

              [Reply ]

            Re: Leftist Mental Problems
            Posted on: 2017-08-05 06:19:32   By: Anonymous
             
            Obamacare is a market-based solution. The original plan was developed by the right-wing Heritage Foundation. Democrats took up that plan rather than their preferred Medicare for all plan because Republicans initially indicated they would work in a bipartisan way on a plan based on their own ideas.

            Republican leadership put an end to that cooperation, but the plan remained very close to the preferred Republican market-based design.

            As for generational theft, that is simply wrong. It does "steal" (that is, tax) the rich to subsidize the poor, but that is not a generational split. Premiums for healthy young are somewhat higher than they would be otherwise, but it is not by a lot. And contrary to what they might think, healthy young can go to sick or injured young very quickly. They are lucky to have insurance and not become a burden on society.

            [Reply ]


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