The Employment Situation‘ report released by the U.S. Department of Labor’s Bureau of Labor Statistics, the unemployment rate in the United States increased 0.1% to 4.4%, while the economy added 222,000 jobs, in June. The report also indicated that the number of unemployed persons in the U.S. increased slightly to 7.0 million. The labor force participation rate, at 62.8%, changed little in June and has shown no clear trend over the past year. The employment-population ratio (60.1%) was also little changed in June and has held fairly steady thus far this year. Among the major worker groups, the unemployment rates for adult men (4.0%), adult women (4.0%), teenagers (13.3%), Whites (3.8%), Blacks (7.1%), Asians (3.6%), and Hispanics (4.8%) showed little or no change in June. The change in employment for April 2017 was revised from 174,000 to 207,000 jobs added while May 2017 was revised from 138,000 to 152,000 jobs added. With the revisions, employment gains in these two months were 47,000 jobs more than previously reported.]]>
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