The unemployment rate in the United States fell slightly in
July, as 162,000 additional jobs were added during the month to
decrease overall rates by .1 percent to a total of 7.4 percent. However, predictions were
slightly lower than expected, as employment figures from May and
June were revised down a collective 26,000 jobs.
The highest growth was seen in retail trade, food services and
drinking places, financial activities and wholesale trade. Hourly
average earnings in nonfarm payrolls fell by 2 cents to $23.98,
slightly offsetting June’s ten-cent spike.
Those unemployed for an extended period of time fell by 300,000
in the month, with 11.5 million out of work for six months or
longer. Part-time employees remained virtually unchanged at
8.2 million. Another 2.4 million were looking for work but had
not applied for jobs in the past month.
Mexico saw its unemployment rate edge up in June, rising from
May’s 4.93 percent to an overall total of 5.09 percent. Figures have
edged up in recent months but still remain below recent highs in
Uruguay’s unemployment rate remained steady in June, holding at
the same 6.6 percent it experienced in May. The steady
rate was an improvement on recent rates, which edged as high as 7.2
percent in February and 7 percent in April.