THE EMPLOYMENT SITUATION: JUNE 2003
EXCERPT:
" Nonfarm payroll employment was essentially unchanged in June, while the
unemployment rate rose to 6.4 percent, the Bureau of Labor Statistics of the
U.S. Department of Labor reported today. Payroll job losses continued in
manufacturing, but were partly offset by employment increases in other
industries.
Unemployment (Household Survey Data)
The number of unemployed persons increased by 360,000 in June to 9.4 mil-
lion, and the unemployment rate rose from 6.1 to 6.4 percent. Since March,
unemployment has increased by 913,000. The rate for adult men edged up for the
third month in a row; at 6.1 percent, the jobless rate for this group was 0.8
percentage point higher than in March. The teenage unemployment rate, at 19.3
percent, has trended up since the beginning of the year. Over the month, the
unemployment rate for blacks increased to 11.8 percent. Jobless rates for the
other major worker groups--adult women (5.2 percent), whites (5.5 percent), and
Hispanics (8.4 percent)--showed little change from May. The unemployment rate
for Asians was 7.8 percent, not seasonally adjusted. (See tables A-1, A-2, and
A-3.)
In June, there were 2.0 million unemployed persons who had been looking for
work for 27 weeks or longer, an increase of 410,000 over the year. They re-
presented 21.4 percent of the total unemployed, up from 18.8 percent a year
earlier. (See table A-9.)"
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