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July 08, 2005
Employers Add 146K Jobs in June

Payroll employment increased by 146,000 in June, and the unemployment rate continued to trend down, reaching 5.0 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.

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The employment gain in June followed gains of 292,000 in April and 104,000 in May, according to the bureau's revised report. Over the month of June, payroll employment continued to grow in several industries, notably professional and business services and health care. The jobless rate in June was 5.0 percent, seasonally adjusted. It has trended downward since February 2005 and is now 1.3 percentage points lower than its most recent high in June 2003.

The number of long-term unemployed persons--those unemployed 27 weeks or longer--fell to 1.3 million in June. This group accounted for 17.8 percent of total unemployment, down from 20.1 percent in May.

In June, 1.6 million persons were marginally attached to the labor force, compared with 1.5 million a year earlier. These individuals wanted and were available to work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed, however, because they did not actively search for work in the 4 weeks preceding the survey.

Professional and business services employment grew by 56,000 in June, following little change in May. This industry has gained nearly a half million jobs over the year.

In June, healthcare employment continued to grow, rising by 25,000. Over the year, the healthcare industry has added 249,000 jobs.

Meanwhile, the average workweek for production or nonsupervisory workers on payrolls was unchanged at 33.7 hours in June, seasonally adjusted. The manufacturing workweek, at 40.4 hours, and manufacturing overtime, at 4.4 hours, also were unchanged.

Average hourly earnings of production or nonsupervisory workers on payrolls rose by 3 cents in June to $16.06, seasonally adjusted. Average weekly earnings increased by 0.2 percent over the month to $541.22. Over the year, average hourly and weekly earnings grew by 2.7 and 3.0 percent, respectively.

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