August 06, 2001
Nonfarm payroll employment continued to decline in July.
Nonfarm payroll employment was down by 42,000 in July to a level of 132.4 million, seasonally adjusted. This was the third decline in the past 4 months, resulting in a net loss of about 260,000 jobs over the period.
Manufacturing employment continued to fall, but July's decline was the smallest so far this year. The other major industry groups posted little or no change in employment over the month.
Manufacturing shed 49,000 jobs in July, bringing total losses in the industry since July 2000 to 837,000.