Pasadena, CA -- (SBWIRE) -- 08/11/2011 -- Compared to the disappointing reports of the previous two months, July's report has been a humble one.
According to the Bureau of Labor Statistics, there are 13.9 million Americans unemployed and looking for work, down from about 14.1 million the previous month. None the less about 117,000 net jobs were created in July, much more than in May or June and more than the 90,000 economists had expected for July. Private sector nonfarm payrolls increased by 154,000.
Even after the recession's official ending two years ago, the unemployment rate is still shockingly high at 9.1 percent, though down from 9.2 percent in June. The under-employment rate is 16.1 percent with about 25 million Americans. They are either unemployed, or have given up looking, or are working part time but would prefer a full-time job.
Companies have been hiring temporary workers rather than adding full-time ones. In July it ticked up by about 300 jobs. As we know that every report has both the good and the bad, we should give consideration to the good ones too.
In July, healthcare employment grew by 31,000, retail trade adding 26,000 jobs, manufacturing employment increased by 24,000; while employment in mining rose by 9,000. Average hourly wages raised up 10 cents, to $23.13 from $23.03, the biggest monthly gain since 2008. This means that those with jobs have made a bit more money.
Hound has a database of jobs that come directly from the employer's website. It has found about 115,000 jobs nationwide in the last seven days, out of which health sector covers about 22,000 + jobs, while there are 9000 + jobs in Information Technology. Manager jobs and retail sector both have over 8000 + jobs.