Friday, July 8, 2011
June Unemployment 9.2%
The only good news is that June is over.
There were few jobs created in June (only 18,000 total and 57,000 private sector). The unemployment rate increased from 9.1% to 9.2%, and the participation rate declined to 64.1%. Note: This is the percentage of the working age population in the labor force.
The employment population ratio fell to 58.2%, matching the lowest level during the current employment recession.
U-6, an alternate measure of labor underutilization that includes part time workers and marginally attached workers, increased to 16.2%, the highest level this year.