Home » economic » U.S. unemployment rate outlook july 2012

Wednesday, August 8, 2012

U.S. unemployment rate outlook july 2012

U.S. unemployment rate outlook july 2012 : The comments came after data last week showing that the U.S. unemployment rate unexpectedly ticked up to 8.3% in July, from 8.2% the previous month.

Despite the loss of around 1,000 jobs in June, unemployment in the United States construction industry has dropped to four-year lows, the latest figures from the US Department of Labour suggest.

Though overall employment levels throughout the industry remain flat and the decline in unemployment rates is thought to be a reflection of seasonal influences and workers leaving the industry, the news is being treated in a broadly positive light.

According to the latest figures from the US Department of Labour, the construction industry unemployment rate throughout the US dropped from 12.8 per cent in June to 12.3 per cent last month, the lowest level on record since 2008.

But while the drop in unemployment came as welcome news, actual employment levels fell by 1,000 (not seasonally adjusted) and remain virtually unchanged during the year, meaning that conditions in the country’s construction labour market are not strong.

Consistent with the combination of a strengthening residential sector but stagnant conditions outside of housing, the non-residential sector is leading the employment decline.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)