Home

The US unemployment rate hit 6.1% in July, which is much lower than the last few years. Unfortunately, the job participation rate is nearly steady at 66.9%. The underemployment rate dropped to 14.2%. (Yes, the numbers don’t add to 100%, which is why the jobs report is complex.)

P2P and unemployment were steady in July because a decline in involuntary part-time work was offset by a drop in workforce participation. The net result is that many who were working part time in June were no longer working or were no longer looking for work in July. – Gallup

The recovery is not universal.

(Click on the graph for the link.)

“US Payroll To Population Rate Unchanged at 45.5% In July” – Gallup

Advertisements

One thought on “Complex Jobs Report

  1. Pingback: Data That Matters August 2015 | Pretending Not To Panic

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s