The nation's unemployment rate remained unchanged at 9.5 percent and 131,000 jobs were lost in the month of July, the Bureau of Labor and Statistics said Friday.
The public sector lost 202,000 jobs; 143,000 which were Census related. The private sector created 71,000 positions.
Industries that improved in July included manufacturing (36,000), health care (27,000), motor vehicles and parts (21,000), and mining (7,000). Trending downward were professional and business services (-13,000) and construction (-11,000).
There were 14.6 million people out of work in July, and 6.6 million were among the long-term unemployed.
According to the Department of Labor, private sector payrolls have increased by 630,000 and 2.5 million jobs have been created through the American Recovery and Reinvestment Act since the beginning of the year.
"While this private sector job growth is encouraging, the large number of Americans without a job reminds us we need to continue working to create jobs and grow the economy," said U.S. Secretary of Labor Hilda L. Solis. "This administration is aware of how much further we still have to go."
The jobs report for August is scheduled to be released on Friday, September 3, 2010.
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Comments
Well I am a software engineer -- a new graduate with MS in computer science. There was a time when firms would hire a person with a degree and train them on the specifics of the job. It seems that now and partly due to the rescission companies are being very conservative and only choosing those already familiar with the specific technologies that they are using. This is hard on me since every time I apply for a new Job I have to learn something in a very short period of time. Every one wants something a little different. On top of that, the level of experience required for these junior positions would have gotten a person a senior position before this recession. There are so many candidates that companies are having a grand old time picking and choosing and paying what they want. This is very discouraging. And of course you have to be superman or superwoman and not get discouraged keep trying and keep trying just to get a position you are not happy with. God bless America.
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