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Friday, July 2, 2010

Employment Breakdown

Bloomberg details:

Employment fell in June for the first time this year, reflecting a drop in federal census workers and a smaller-than-forecast gain in private hiring.

Payrolls declined by 125,000 last month as the government cut 225,000 temporary workers conducting the 2010 census, Labor Department figures in Washington showed today. Economists projected a decline of 130,000 payrolls, according to the median forecast in a Bloomberg News survey. Employment at companies rose 83,000. The jobless rate fell to 9.5 percent from 9.7 percent as the labor force shrank.
Unemployment / Underemployment Rates

Change in Household Survey (note the HUGE drop in labor force participation)

Hours Worked per Person (this took some work with the limited data the BLS now releases)

Source: BLS