Friday’s Jobs Report

…which came on a Thursday last week…. Some tidbits from the BLS, behind the headline number, the unemployment rate of (now) 6.1%.

The number of unemployed persons decreased by 325,000 to 9.5 million.

That’s a couple million and four or five years late, but still: cool. Who is it, though, who’s newly employed now?

  • The number of long-term unemployed (those jobless for 27 weeks or more), while declining by 293,000 in June, is still 3.1 million
  • The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 275,000 in June to 7.5 million.
  • 2.0 million persons still are only marginally attached to the labor force, even though this is down by 554,000 from a year earlier. … 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.
  • Among the marginally attached, there still were 676,000 discouraged workers in June; although this is a decrease of 351,000 from a year earlier. … Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.
  • The number of people employed full-time (according to the household survey that also counts self-employed) declined by 523,000, while the number of part-time workers increased by 799,000 [see the various tables available at the above link for these two aggregated data]


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