By Kristy Scheuble
Aug. 1 (Bloomberg) -- Following is a summary of the July employment situation from the Labor Department.
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July June May April March Feb. 3-month
2008 2008 2008 2008 2008 2008 Average
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Unemployment rate 5.7% 5.5% 5.5% 5.0% 5.1% 4.8% 5.6%
Rate (3 decimals) 5.682% 5.505% 5.492% 4.953% 5.082% 4.812% 5.560%
Avg. hourly earnings 0.3% 0.3% 0.3% 0.1% 0.3% 0.3% 0.3%
Avg. weekly hours 33.6 33.7 33.7 33.8 33.8 33.7 33.7
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Nonfarm employment -51 -51 -47 -67 -88 -83 -50
Previous estimate n/a -62 -62 -67 -88 -83 n/a
Net Revision 26
Manufacturing -35 -35 -21 -52 -46 -47 -30
Previous estimate n/a -33 -22 -52 -46 -47 n/a
Household employment -72 -155 -285 362 -24 -255 -171
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July June May April March Feb. 3-month
2008 2008 2008 2008 2008 2008 Average
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------------Monthly Change in Employment------------
Nonfarm employment -51 -51 -47 -67 -88 -83 -50
Total private -76 -94 -99 -91 -103 -109 -90
Goods-producing -46 -77 -51 -109 -79 -91 -58
Construction -22 -49 -38 -59 -39 -44 -36
Manufacturing -35 -35 -21 -52 -46 -47 -30
Service providing -5 26 4 42 -9 8 8
Trade, transport -39 -15 -45 -56 -27 -52 -33
Retail trade -17 -6 -24 -46 -27 -43 -16
Information -13 -6 -5 -6 -3 2 -8
Financial 0 -13 -3 -2 0 -13 -5
Business services -24 -39 -49 17 -59 -28 -37
Temporary help -29 -33 -36 -19 -31 -38 -33
Education, health 39 55 63 48 44 48 52
Leisure, hospitality 1 7 -11 14 16 16 -1
Government 25 43 52 24 15 26 40
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July June May April March Feb. 3-month
2008 2008 2008 2008 2008 2008 Average
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----------------------Earnings-----------------------
Avg. hourly earnings $18.06 $18.00 $17.95 $17.89 $17.87 $17.81 $18.00
MOM% change 0.3% 0.3% 0.3% 0.1% 0.3% 0.3% 0.3%
YOY% change 3.4% 3.4% 3.5% 3.5% 3.7% 3.7% 3.4%
Avg. weekly earnings $606.82 $606.60 $604.92 $604.68 $604.01 $600.20 $606.11
MOM% change 0.0% 0.3% 0.0% 0.1% 0.6% 0.3% 0.1%
YOY% change 2.8% 2.8% 3.2% 3.5% 3.3% 3.7% 2.9%
--------------------Hours of Work--------------------
Total private 33.6 33.7 33.7 33.8 33.8 33.7 33.7
MOM% change -0.3% 0.0% -0.3% 0.0% 0.3% 0.0% -0.2%
Manufacturing 41.0 41.0 41.0 41.0 41.2 41.1 41.0
MOM% change 0.0% 0.0% 0.0% -0.5% 0.2% 0.0% 0.0%
Overtime 3.8 3.8 3.9 4.0 4.0 4.0 3.8
--------------------Aggregate Hours--------------------
Aggregate hours index 106.6 107.0 107.1 107.5 107.6 107.3 106.9
3-month annualized -2.1% -0.9% -0.4% -0.6% -1.1% -0.6% n/a
MOM% change -0.4% -0.1% -0.4% -0.1% 0.3% -0.1% -0.3%
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July June May April March Feb. 3-month
2008 2008 2008 2008 2008 2008 Average
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-----------Labor Force Status (thousands)-------------
Pool available labor 13,781 13,387 13,253 12,381 12,545 12,153 13,474
Level change 394 134 872 -164 392 -280 467
Augmented Unemp. Rate 8.6% 8.4% 8.3% 7.8% 7.9% 7.7% 8.5%
Civilian labor force 154,603 154,390 154,534 153,957 153,784 153,374 154,509
Level change 213 -144 577 173 410 -450 215
Participation rate 66.1% 66.1% 66.2% 66.0% 66.0% 65.9% 66.1%
Employment 145,819 145,891 146,046 146,331 145,969 145,993 145,919
Level change -72 -155 -285 362 -24 -255 -171
Employment ratio 62.4% 62.4% 62.6% 62.7% 62.6% 62.7% 62.5%
Unemployment 8,784 8,499 8,487 7,626 7,815 7,381 8,590
Level change 285 12 861 -189 434 -195 386
Avg. duration (wks) 17.1 17.5 16.6 16.9 16.2 16.8 17.1
Median duration 9.7 10.0 8.3 9.3 8.1 8.4 9.3
Not in labor force 79,261 79,237 78,871 79,241 79,211 79,436 79,123
Level change 24 366 -370 30 -225 644 7
Job leavers 9.8% 9.9% 10.3% 11.2% 10.1% 10.4% 10.0%
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July June May April March Feb. 3-month
2008 2008 2008 2008 2008 2008 Average
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--------------------Diffusion Index--------------------
Private nonfarm 41.2 42.2 46.4 45.6 47.4 41.4 43.3
3-mo. average 43.3 44.7 46.5 44.8 44.7 45.1 n/a
Manufacturing 27.4 32.7 44.6 35.1 38.1 28.6 34.9
3-mo. average 34.9 37.5 39.3 33.9 35.7 35.1 n/a
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NOTE: All figures seasonally adjusted. Employment figures in thousands.
The augmented unemployment rate is the number of job wanters plus the number
unemployed divided by the labor force plus the number of job wanters.
To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net
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