Nonsequitur: June Jobs
July 2, 2015
The Bureau of Labor Statistics has released its monthly report for June. Unemployment decreased slightly to 5.3%. The labor force participation rate declined slightly to 62.6%. Long-term unemployment decreased to 2.1 million. The number of involuntary part-time workers was unchanged at 6.5 million. Average hourly earnings were also unchanged at $24.95/hr.