More jobs added, but unemployment rate unchanged

More jobs added, but unemployment rate unchanged

SAN FRANCISCO--According to data from the Bureau of Labor Statistics (BLS), the U.S. saw the number of employed people jump by 128,000 in June.

Despite the addition of some 80,000 new jobs last month, however, US unemployment remains unchanged at 8.2 percent, owing to a labor force increase of more than 189,000.

In other words, the labor force is growing faster than the country can create jobs, creating a status quo that has kept the unemployment rate above 8 percent for over three years, with little sign of improvement in months to come.

Though that news is hardly encouraging, it is worth noting that jobs in manufacturing, computer and electronic component making added 7,600 workers last month, bringing the total of people employed in the sector to 1.12 million.



Computer and peripheral equipment makers saw their numbers reach 165,900, some 2000 more than the total for May, while the semiconductor industry currently employs 389,900 people, up by 2,300.

The manufacturing sector added 11,000 workers last month, a decent amount, but still far from the average 41,000 workers being hired per month during the first quarter of this year.

Meanwhile, data processing and hosting companies cut 400 jobs, to 242,800 workers.

For people over 25 years old with a college degree, the unemployment rate is just 4.1 percent.

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