Facts and Figures

Employment and Unemployment

Fri. July 11, 2014

June 2014

 

In June, the unemployment rate declined to 6.1%, and the number of unemployed persons was unchanged at 9.5 million.

The unemployment rate is a broad, though somewhat crude measure of how workers are faring in the economy. It does not count discouraged workers, nor does it measure under-employment (for example, workers who want a full-time job but can only find part-time work). Making these adjustments would bring the measured unemployment rate up to 12.4%. But even an adjusted unemployment rate says nothing about the quality of jobs in the economy. This last point is particularly important to keep in mind, given the growth of non-standard (temporary and/or contingent) jobs in the U.S. economy.

 

This Month (June)

Last Month (May) Change
Number Employed
146.2 million
145.8 million
0.4 million
Number Unemployed
9.5 million 9.8 million -0.3 million
Unemployment Rate
6.1% 6.3% -0.2%

Overall Unemployment Rate                                        
6.1%
Whites
5.3%
African-Americans
10.7%
Latinos
7.8%
Asians
5.1%
Women
 5.3%
Men
  5.7% 
Teenagers
21.0%

Multiple Jobholders                             
7.0 million - (or 4.7% of those employed)

 

Source: U.S. Department of Labor, Bureau of Labor Statistics, The Employment Situation.

 

Updated 7/11/2014 by IAM&AW Strategic Resources Department