Unemployment in July 2008
August 04, 2008
Both the number of unemployed persons (8.8 million) and the unemployment rate (5.7 percent) rose in July. Over the past 12 months, the number of unemployed persons has increased by 1.6 million, and the unemployment rate has risen by 1.0 percentage point.
Over the month, the unemployment rates for adult men and whites edged up while the rates for adult women, blacks, and Hispanics were little changed. The jobless rate for teenagers increased from 18.1 percent in June to 20.3 percent in July.
Among the unemployed, the number of reentrants to the labor force in July rose by 207,000 to 2.7 million. The number has increased by 623,000 over the past 12 months. The number of unemployed persons who had lost their last job was about unchanged over the month at 4.4 million, but has risen by 778,000 over the year.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment in July 2008 on the Internet at https://www.bls.gov/opub/ted/2008/aug/wk1/art01.htm (visited October 25, 2020).
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