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Statement of
Erica L. Groshen
Commissioner
Bureau of Labor Statistics
Friday, August 7, 2015
Nonfarm payroll employment rose by 215,000 in July, and the
unemployment rate was unchanged at 5.3 percent. Employment
increased in retail trade, health care, professional and
technical services, and financial activities.
Incorporating revisions for May and June, which increased
nonfarm payroll employment by 14,000, monthly job gains have
averaged 235,000 over the past 3 months. In the 12 months prior
to July, employment growth averaged 246,000 per month.
Retail trade employment rose by 36,000 in July, with motor
vehicle and parts dealers contributing 13,000 of the increase.
Over the year, retail trade has added 322,000 jobs.
Health care employment increased by 28,000 over the month,
and has grown by 436,000 over the year. Hospitals added 16,000
jobs in July.
Employment in professional and technical services rose by
27,000 over the month, as job growth continued in computer
systems design and related services (+9,000) and in
architectural and engineering services (+6,000). Employment
gains in these two industries have accounted for nearly half of
the 301,000 increase in professional and technical services
employment over the past 12 months.
Employment in financial activities increased by 17,000 in
July. Within the industry, insurance carriers and related
activities added 10,000 jobs.
Manufacturing employment edged up by 15,000 over the month.
Job gains occurred in several nondurable industries, including
food manufacturing (+9,000) and plastics and rubber products
(+6,000).
In July, employment continued to trend up in food services
and drinking places (+29,000) and in transportation and
warehousing (+14,000).
Mining employment continued on a downward trend in July
(-5,000). Since its recent peak in December, mining has shed
78,000 jobs.
Average hourly earnings of all employees on private nonfarm
payrolls rose by 5 cents in July to $24.99. Over the past 12
months, average hourly earnings have risen by 2.1 percent. From
June 2014 to June 2015, the Consumer Price Index for all Urban
Consumers (CPI-U) increased by 0.2 percentage point (on a
seasonally adjusted basis).
Turning now to data from the survey of households, most
major indicators showed little or no change over the month. The
unemployment rate held at 5.3 percent in July, and the number of
unemployed was unchanged at 8.3 million. Among the unemployed,
26.9 percent, or 2.2 million, had been unemployed 27 weeks or
more, little changed from the prior month.
The labor force participation rate, at 62.6 percent, was
unchanged in July, after declining by 0.3 percentage point in
June. The employment-population ratio was also unchanged in
July, at 59.3 percent, and has shown little movement thus far
this year.
Among those employed in July, 6.3 million were working part
time for economic reasons. These individuals, also referred to
as involuntary part-time workers, would have preferred full-time
employment but were working part time because their hours had
been cut back or because they were unable to find full-time
work. The number of involuntary part-time workers changed little
over the month, but has fallen by 1.1 million over the year.
Among people who were neither working nor looking for work
in July, 1.9 million were classified as marginally attached to
the labor force, down from 2.2 million a year earlier. These
individuals had not looked for work in the 4 weeks prior to the
survey but wanted a job, were available for work, and had looked
for a job within the last 12 months. The number of discouraged
workers, a subset of the marginally attached who believed that
no jobs were available for them, was 668,000 in July, little
different from a year earlier.
In summary, nonfarm payroll employment rose by 215,000 in
July, and the unemployment rate was unchanged at 5.3 percent.