Select Observations from July 2013 Unemployment Report

Three observations from the July 2013 Unemployment Report, released this morning from the Bureau of Labor and Statistics.

  • Of the 266,000 jobs created (note, this number is higher than the headline number due to June 2013 revisions) 35% were full-time jobs.  This represents an increase in full time jobs of 0.08% and an increase in part time jobs of 0.62%.
Apr-13May-13Jun-13Jul-13
 Full-time workers(1) 116,053,000 116,238,000 115,998,000 116,090,000
 Part-time workers(2) 27,549,000 27,699,000 28,059,000 28,233,000
Total 143,602,000 143,937,000 144,057,000 144,323,000
  • “Permanent Job Losers” fell to its lowest level in the past six months.
Mar-13Apr-13May-13Jun-13Jul-13
Permanent Job Losers3,9593,9763,8223,7003,589
  • Wages in 17 of 19 sectors are higher than they were in July 0f 2012.
Jul-12Jul-13DifferencePercent Change
Financial activities835.21877.46$42.255.1%
Wholesale trade857.69873.9$16.211.9%
Construction939.18956.63$17.451.9%
Information968.03985.68$17.651.8%
Professional and business services819.31833.18$13.871.7%
Private service-providing632.45643.09$10.641.7%
Total private$666.25$676.70$10.451.6%
Education and health services678.78689.19$10.411.5%
Nondurable goods710.94721.51$10.571.5%
Transportation and warehousing742.08752.6$10.521.4%
Other services540.32547.7$7.381.4%
Goods-producing861.87873.38$11.511.3%
Leisure and hospitality289.84292.82$2.981.0%
Manufacturing796.89803.98$7.090.9%
Durable goods850856.8$6.800.8%
Mining and logging1,216.331,224.76$8.430.7%
Trade, transportation, and utilities588.4591.95$3.550.6%
Retail trade420.43419.1($1.33)-0.3%
Utilities1,322.011,312.89($9.12)-0.7%

Source: BLS

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Joseph Colangelo is Executive Director of Consumers' Research, the nation's oldest consumer-focused organization. Joseph grew up in Northern New Jersey and attended U.C. Berkeley on a Naval ROTC scholarship where he graduated with a Bachelor’s of Arts with a concentration in Political Science.

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