Unemployment Data

Unemployment Data for May-June 7 of 2013

Employment (rose/fell/remained unchanged), and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the last month.

Employment for nonfarm payroll rose by 175,000 in May, which includes construction and manufacturing companies. The unemployment rate stayed unchanged at 7.6 percent in the last month. Employment for professional and business services, food services and drinking places, and retail trade rose also. The summary states, “both numbers of unemployed persons, at 11.8 million, and the unemployment rate, at 7.6 percent, were essentially unchanged in May. Employment gains in March and April combined were 12,000 less than previously reported.

The jobless rate had (risen/fallen/stayed unchanged) from (?) percent in the (previous month) to (?) percent in the (last month).

The jobless rate for those jobless for 27 weeks or more rated unchanged at 4.4 million. These individuals accounted for 37.3 percent in the month of May to June 7 in 2013. Over the past year, the number of long-term unemployed has declined by 1.0 million.

The number of payroll jobs (increased/ decreased/ was unchanged) by (? thousand) in the latest month, with widespread (gains/ losses)
in the (?) sector of the economy.
The number of payroll jobs increase by 420,000 to 155.7 million in May. Over the past year, the labor force participation rate has declined by 0.4 percentage point. The summary states, “the employment-population ratio was unchanged in May at 58.6 percent and has shown little movement, on net, over the past year.” The number of persons employed part time, also known as involuntary part-time workers, was unchanged at 7.9 million. These individuals had their hours cut back therefore they worked part-time unable to find a full-time job.
Average weekly hours (declined /increased/ were unchanged), and average hourly earnings were (lower/ higher /unchanged) over the month.

Average weekly hours for all employees on private nonfarm payrolls were unchanged in May at 34.5 hours. In manufacturing, the workweek increased by 0.1 hour to 40.8 hours, and overtime was unchanged at 3.3 hours; the average workweek for production and nonsupervisory employees on private nonfarm payrolls increased by 0.1 hour to 33.8 hours. The average hourly earnings for all employees on private nonfarm payrolls at $23.89, changed slightly (+1 cent). Over the past year, average hourly earnings have risen by 46 cents, or 2.0 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees, at $20.08, changed slightly (+1 cent).

Sources: http://www.stats.bls.gov/news.release/empsit.nr0.htm http://www.bls.gov/ces/cesfaq.htm