July employment

This morning BLS data on employment indicate a sideways movement in the labor markets — Federal government employment fell, but private-sector payroll employment went up slightly by 71,000. As the chart below shows, the number of involuntary underemployed (part-time for economic reasons) was basically unchanged in July — a slight declined in those underemployed because of slack work but a slight rise in those who could only find part time work.
Involuntaryunderemployed-0710.gif

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