Friday, August 7, 2009

A closer look at the unemployment data

Here's a breakdown of the employment data taken from the establishment survey, which produces nonfarm payrolls:

Employment fell 247,000 in June.

Goods producers lost 128,000 jobs, including 76,000 in construction and 52,000 in manufacturing.

The service sector shed 119,000, while education and health care, which has been a bright spot in the recession, gained 17,000.

The unemployment rate came in at 9.4%, down from 9.5%, as the household survey reflected a big drop in the labor force. See Economy 101: What is the unemployment rate.

Adult men: 9.8%
Adult women: 7.5%
Teenagers: 23.8%
White: 8.6%
Black: 14.5%
Hispanic: 12.3%

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