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U.S. job market improves further in July

English.news.cn   2014-08-01 21:20:28

WASHINGTON, Aug. 1 (Xinhua) -- Some 209,000 new jobs were added to the U.S. economy in July, and the unemployment rate was little changed at 6.2 percent, the Labor Department said on Friday.

The non-farm payroll employment posted the sixth consecutive month with job gains above 200,000. After revision, employment gains in May and June were 15,000 higher than previous reported.

The labor force participation rate was at 62.9 percent, and it has been essentially unchanged since April. The number of long- term unemployed, or those jobless for 27 weeks or more, was little changed at 3.2 million, accounting for 32.9 percent of the unemployed.

Average hourly earnings rose by 5 cents to 24.38 U.S. dollars.

The U.S. economy expanded 4 percent in the second quarter, reversing an unexpected contraction in the first quarter due to the severe winter weather. The improving labor market is expected to continue to shore up economic growth in the future.

 

Editor: Mu Xuequan
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