The Bureau of Labor Statistics states that the July Unemployment Rates remained virtually unchanged

Is that good news?  The BLS reported tot total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent. Job gains occurred in retail trade, health care, professional and technical services, and financial activities.

The WSJ reports that; Employers added 215,000 jobs in July, marking the 58th consecutive month of job gains, the longest stretch on record. Employers have added an average of 211,000 new jobs a month this year, a slightly slower pace than last year, when they added an average 240,000 a month over the same period.

Also similarly reported, the unemployment rates for college graduates changed only slightly from 2.5% to 2.6% ( http://www.bls.gov/news.release/empsit.t04.htm) 

On the surface, this is really good news.  Again, The WSJ reports that; The unemployment rate has been steadily dropping since it hit its recent peak of 10% in October 2009. A broader measure of unemployment that includes those who are stuck in part-time jobs or who have given up looking for work over the past month fell to 10.4%. While that’s down from the peak of 17.1% in early 2010, it’s still higher than it was before the recession, a sign that the labor market might still have some slack to make up.

David (Mac) McElhaney

Managing Partner
Global Recruiters of Huntsville

102 Clinton Ave, West

Suite 201

Huntsville, AL 35801

Phone: 256-533-1444 Ext 201

Fax: 256-418-4485

Mobile: 407-341-4462

dmcelhaney@grnhuntsville.com

www.grnhuntsville.com