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U.S. Talent Market Monthly July 2012.
1. July 6, 2012
U.S. EMPLOYERS HIRED A AVERAGE HOURLY EARNINGS THE UNEMPLOYMENT RATE
TOTAL OF (ALL WORKERS) HELD AT
80,000
WORKERS IN JUNE
$23.50
2% ABOVE LAST YEAR
8.2%
9.1% LAST JUNE
JOB CREATION INCHES UPWARD
• Continued modest employment gains and a stubbornly high unemployment rate suggest that
the U.S. labor market has hit a soft patch.
• Although demand for workers has been increasing steadily and the pace of layoffs has slowed,
actual hiring numbers have yet to reflect these positive trends.
• Employers remain cautious about adding full-time employees in the midst of the uncertain
economic and political climate.
U.S. employers added 80,000 jobs in June, continuing along a lukewarm pace in the second quarter of 2012. Employment gains have
averaged just 75,000 a month in the second quarter, after growing three times as fast in the first three months of the year. The
deceleration in the labor market comes amidst continued global economic uncertainty, with the European crisis, slowdowns in
emerging economies, and concern over U.S. policies weighing heavily on employers’ minds. (Continued)