Employment increased in July
According to the Bureau of Labor Statistics of the U.S. Department of Labor, total nonfarm payroll employment increased by 113,000 in July. The number of unemployed persons rose to 7.2 million in July, and the unemployment rate edged up to 4.8 percent. A year ago, the number of unemployed persons was 7.5 million and the jobless rate was 5.0 percent.
Following a decline in June, the number of long-term unemployed persons — those unemployed 27 weeks or longer — returned to its May level of 1.3 million. These long-term unemployed accounted for 18.6 percent of total unemployment, about the same as in May.
After trending down for several months, the number of unemployed persons who reentered the workforce increased to 2.4 million in July. This group represents 32.7 percent of total unemployment, an increase from 30.0 percent in June.
Source: The Bureau of Labor Statistics of the U.S. Department of Labor