US payroll jobs grew a weak 80,000 in June. The unemployment rate remained steady at 8.2 percent

1. Data for the Classroom from
Ed Dolan’s Econ Blog
http://dolanecon.blogspot.com/
U.S. Job Growth Remains
Weak in June
Posted July 7, 2012
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2. Job Growth Remains Weak in June
 The latest report from the Bureau of
Labor Statistics showed the 21st
straight month of job growth in May, but
the pace of job growth was a weak
80,000, little different from the previous
two months
 An increase of 84,000 in private
nonfarm jobs was offset by a decrease
of 4,000 in government jobs.
 A separate household survey that
includes farm jobs and self-employment
showed an increase of 128,000 jobs
Posted July 7, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

3. Unemployment Rate Unchanged in June
 The unemployment rate remained
essentially unchanged at 8.2 percent
in June
 The number of unemployed persons
increased by 29,000
 The labor force, which includes both
employed and unemployed persons,
increased by 156,000
 The unemployment rate is the ratio
of unemployed persons to the labor
force
Posted July 7, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

4. Employment-Population Ratio a Bit Above its Lowest Point
 The employment to population ratio
remained at 58.6 percent in June,
after a slight increase in May
 The ratio reached an all-time low of
58.1 percent one year ago
 The ratio is affected both by cyclical
factors and by long-run trends,
especially an aging population
Posted July 7, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

5. Broad vs. Standard Unemployment Rate
 The BLS also provides a broader
measure of job-market stress, U-6
 The numerator of U-6 includes
 Unemployed persons
 Marginally attached persons who
would like to work but are not looking
because they think there are no jobs
or for personal reasons
 Part-time workers who would prefer
full-time work but can’t find it
 The denominator includes the labor
force plus the marginally attached
 U-6 rose slightly in June for the
second month in a row
Posted July 7, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

6. Long-Term Unemployment Falls, but Remains High
 The percentage of all unemployed
workers who have been out of work
27 weeks or longer fell slightly in
June, but remains high
 The long-term unemployment rate
has been unusually high throughout
the recession and recovery
Posted July 7, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com