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Economic News, Data and Analysis

Another down month…

Lost 62k jobs last month. Manufacturing continues the drop despite the weak dollar… manufacturing has lost 353,000 jobs since this time last year.

Employment Situation Summary

Nonfarm payroll employment continued to trend down in June (-62,000), while the unemployment rate held at 5.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Employment continued to fall in construction, manufacturing, and employment services, while health care and mining added jobs. Average hourly earnings rose by 6 cents, or 0.3 percent, over the month.

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