July Job Numbers Redux

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The July job numbers were released by the BLS this morning, and they tell a similar story to months past. For the second month in a row, the unemployment rate held steady at 9.5 percent, and the decline of temporary Census workers contributed to an overall decrease in non-farm payrolls, which fell 131,000 in July.

Private sector employment rose by 71,000 last month, beating out June’s gain of 31,000, but still falling short of the 90,000 jobs that economists predicted would be added in July.

Despite signs of a stagnant job recovery, though, the news wasn’t all bad. Overall, the BLS reports that private sector employment has increased by 630,000 this year. Positive numbers were also reported in industries like health care, which has added 231,000 jobs in the past 12 months, manufacturing, which has added 183,000 jobs since December 2009, and transportation, which has added 56,000 jobs since February.

Additionally, according to CareerBuilder’s own data based on number of job posting on its site, industries like sales, marketing, IT, customer service, skilled labor and entry-level positions have all shown sequential improvements this year.

Other good news from the BLS report:

  • For the third month in a row, the number of people working part-time because they could not find full-time work dropped.
  • The average hourly wage rose slightly in July, from $22.55, to $22.59.

The BLS also put out revised numbers for the May and June job numbers, editing non-farm payroll employment for May from +433,000 to +432,000, and revising June’s change from -125,000 to -221,000.

For more information about July job numbers, check out this clip of CareerBuilder CEO Matt Ferguson, from this morning’s Squawk Box on CNBC.

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