June Unemployment Rate of 9.2 Percent, Other Lackluster Indicators, Revealed in New U.S. Govt. Report
07/08/2011
The data showed the number of unemployed persons (14.1 million) and the unemployment rate (9.2 percent) were essentially unchanged over the month. Most major private-sector industries "changed little" over the month, while government employment continued to "trend down" (-39,000).
Manufacturing employment changed little in June. Following gains of 164,000 jobs between November 2010 and April 2011, the report said employment in this sector has been flat for the past two months. "In June, job gains in fabricated metal products (+8,000) were partially offset by a loss in wood products (-5,000)."
In construction, employment was essentially unchanged in June. In fact, after having fallen sharply during 2007-09, employment in this sector "has shown little movement on net since early 2010."
"This is a lousy jobs report, " said Scott Paul, executive director of the Alliance for American Manufacturing. "Any momentum we've seen in manufacturing has stalled. I think it is fair to say that we are at a crossroads now: could we be headed toward years of stagnation, or will Washington do what it takes to help spur private sector job growth?"
While the American people want a jobs plan, he continued, "Washington seems tone deaf. Making drastic cuts in investments like infrastructure and research will only deepen the jobs crisis."
Paul added that the metric for President Obama and congressional leaders "must now be the number of jobs we create, rather than the amount of deficit reduction we see."
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024