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Unemployment Rate Continues to Trend Down - Retail Trade Employment Rose - A year earlier, the number of unemployed was 8.2 million and the jobless rate was 5.5 percent. Both the number of unemployed persons, 7.5 million, and the unemployment rate, 5.0 percent, were unchanged in July.
Unemployment Rate Continues to Trend Down - Retail Trade Employment Rose

 

PRZOOM - /newswire/ - Washington, DC, United States, 2005/08/05 - A year earlier, the number of unemployed was 8.2 million and the jobless rate was 5.5 percent. Both the number of unemployed persons, 7.5 million, and the unemployment rate, 5.0 percent, were unchanged in July..

   
 
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Nonfarm employment grew by 207,000 in July, and the unemployment rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the month, payroll employment rose in many service providing industries.

Both the number of unemployed persons, 7.5 million, and the unemployment rate, 5.0 percent, were unchanged in July. A year earlier, the number of unemployed was 8.2 million and the jobless rate was 5.5 percent.

Total nonfarm employment rose by 207,000 in July to 133.8 million, season ally adjusted. This followed job gains of 126,000 in May and 166,000 in June (as revised). In July, there were employment gains in many service providing industries, including retail trade, professional and technical services, financial activities, food services, and health care.

Retail trade employment rose by 50,000 in July, following little change in June. This industry has gained 197,000 jobs over the year.

In July, retailemployment gains were widespread, including growth in clothing stores (13,000), motor vehicle and parts dealers (10,000), and building material and garden supply stores (7,000).

Employment in professional and technical services increased by 23,000 in July. Over the year, this industry has added 211,000 jobs. Management and technical consulting services, as well as architectural and engineering services, contributed to the July gain.

Employment in financial activities rose by 21,000 over the month, as credit intermediation and real estate showed continued strength. Since July 2004, employment in credit intermediation has grown by 93,000, while real estate has added 54,000 jobs.

Elsewhere in the service-providing sector, employment in food services and drinking places rose by 30,000 over the month. This industry has added 262,000 jobs over the year. The health care industry continued to grow in July, adding 29,000 jobs.
Ambulatory health care services (which includes doctors' offices and outpatient clinics), hospitals, and nursing and residential care facilities all contributed to the employment gain. Temporary help services employment was flat in July and has shown little net change since April.

Source: Labor Force Statistics

 
 
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Unemployment Rate Continues to Trend Down - Retail Trade Employment Rose

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