Unemployment Rate Now at 8.3%
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Aug 3, 2012
Photographer: David Paul Morris/Bloomberg.
The Bureau of Labor Statistics released the July 2012 jobs numbers:
Total nonfarm payroll employment rose by 163,000 in July, and the unemployment rate was essentially unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and manufacturing.
As the chart below indicates, this is the weakest post-recession jobs recovery since World War II.
Calculated Risk has additional charts on the current state of the labor market.
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