June Jobs Report: Amidst Gloom, Some Good News For Job Seekers

For desperate job seekers, June's employment report from the Labor Department contained little -- if any -- good news.

The U.S. economy added far fewer jobs than analysts expected, just 80,000, compared to the 90,000 forecast, and the unemployment rate remained at 8.2 percent, or 12.7 million people.

The number of new jobs created is well below the 125,000 necessary each month just to keep up with population growth. Moreover, the weak report is concerning to many because it shows that the economic rebound that was thought to be finally on the way appears to have been sidelined.

The June report largely showed a labor market that remains stagnant:

  • The number of long-term unemployed is unchanged: 5.4 million Americans have been unemployed for six months or more, the same as in May. They account for 41.9 percent of all unemployed workers.
  • The total number of unemployed people remains the same: The Labor Department report showed that 12.7 million Americans are unable to find work. But the report also noted that the number of so-called "discouraged workers" stood at 821,000, down 161,000 from a year earlier.
  • Many part-time workers still struggle to find full-time work: The number of "involuntary part-time workers" -- in other words those who would prefer to work full-time but can't find sufficient work -- remained unchanged at 8.2 million.

More: No. 1 Way To Jump Start A Stalled Job Search

But there were pockets of optimism for some job seekers:

  • Manufacturers continue to add jobs: The manufacturing sector added 11,000 jobs in June, including 7,000 jobs related to motor vehicles and parts. Manufacturers added an average of 10,000 jobs during the April-June quarter, though that's far fewer than the monthly average of 41,000 jobs jobs during the first three months of the year.
  • More jobs were added in May than first thought: The economy added a revised 77,000 jobs in May, up from the 69,000 initially reported last month, though April's job-creation number was revised downward to 68,000 from 77,000.
  • More jobs in heath care and wholesale trade: Employers in these sectors added 13,000 and 9,000 jobs, respectively, last month, the report said. Further, the ongoing cut in government jobs ebbed in June, with employment levels showing little change.
  • More veterans have jobs: Unemployment among veterans who've served since 9/11 dropped 4 points in the past year, with 66,000 more of them now employed, CareerBuilder notes.

More: The Best And Worst States For Job Seekers

Today's report from the Labor Department was disappointing in part because two private-sector surveys released Thursday suggested the labor market was growing again.

Payroll-provider ADP said businesses added 176,000 jobs last month -- better than the revised total of 136,000 jobs it reported for May -- and employment-services firm Challenger, Gray & Christmas Inc. reported that planned job cuts by employers fell 39 percent to 37,551 from nearly 62,000 in May.

Those upbeat findings were bolstered by an another report released this morning by employment website Glassdoor, which showed that unemployed workers are more positive about their job search. Forty-two percent of those surveyed said they believe it is likely they will find a job in the next six months, up six points from the previous quarter, which ended March 31.

Still, Glassdoor's quarterly Employment Confidence Survey showed 42 percent showed that nearly a third of workers (30 percent), including those who are self employed, think it's unlikely they could find a job matched to their experience and pay within six months if they were laid off.

That sentiment falls in line with yet another survey by the Society for Human Resource Management, which forecasts slow hiring in July. The group said yesterday it expects no significant U.S. hiring gains this month compared to July 2011.



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Delaware Jack

Obama .. democrats ... & liberal news media newest claims for BO Never taking any responsibility for America's calamitous economy ..... " I ran out of gas. ... I had a flat tire.... I didn't have enough money for cab fare.... My tux didn't come back from the cleaners.... An old friend came in from out of town.... Someone stole my car..... There was an earthquake.... A terrible flood..... Locusts! .....IT WASN'T MY FAULT, I SWEAR TO GOD!

July 09 2012 at 6:28 AM Report abuse rate up rate down Reply
crober8

The real recovery will start late on night of Nov. 6, when country realizes that Obama has lost the election..

July 08 2012 at 4:56 PM Report abuse rate up rate down Reply
1 reply to crober8's comment
craigmrfrn

Or when they vote out those tea bag nuts, and give the man a constructive group to work with.

July 08 2012 at 5:02 PM Report abuse rate up rate down Reply
craigmrfrn

Just think how bad it would be if Obama didn't rescue the automotive industry. The trickle down affect would have killed our company. God bless the man!

July 08 2012 at 4:54 PM Report abuse rate up rate down Reply
rrarizona

Some Good News For Job Seekers...is that in November, they can get rid of Obama, and get back to work....finally. OMG-Obama MUST Go...in 2012!

July 08 2012 at 3:33 PM Report abuse +1 rate up rate down Reply
rjen164497

Fact is the Unemployment rate is 14.5%. The gain in jobs in some sectors are off set by other sectors. Again the fact is we are in worse shape then when Obama took office if you use the real numbers. The economy is in worse shape. We are futher in debt. We have become a welfare nation. The Obama camp is lying and treating voters like they are stupid. We will find out in November if Obama is correct. Are Americans stupid? We will wait and see.

July 08 2012 at 2:34 PM Report abuse +2 rate up rate down Reply
DogEat_WORLD

There are many jobs, prove it to yourself! Look at any Major Company in the US today, "Manufacturing Company's" and Hospital's, Medical field jobs! "We were all told years ago" "HEY KID, if you want a shot at a good job in the future, you need an EDUCATION! The H.S. Diploma is not going to be good enough!
(You need at least an Associates, w/ a Special Certification as well in your sights and 6 months to a year to complete your Certification). Bachelors Degree in Engineering or "Medical Administration "HR", "QC", "QA" Accounting! Trades Certificates for Specialty Trained Workers. If you TRULY plan on being a Doctor, or a Lawyer, get a Liberal Arts Degree, it has the easiest courses and will give you "a High GPA", you will need it. "Engineering", I see so many Diff. Engineering jobs, all over the Country, I need to look their definition up! Computer Program Engineers. (IT Tech's, Web Designers, Automotive Tech's needing Certificates).
(Do your home work when seeking out a career),(Its Never To Late to start, or make a change), 2 to 4 years will go by, you will still be here, make those 2 to 4 years count! You are the only one holding yourself back. There are a million excuses, find a motivator, do it for your kids, do it to get even with someone! Find a reason!

July 08 2012 at 2:32 PM Report abuse rate up rate down Reply
Richard

The author of this article saw good news in this report??? Is he kidding us or himself. The reality is this...people don't have jobs and the prospect of finding a job is doubtful, people are discouraged and ready to dump this president who promised so much and delivered so little. We gave him a chance, four years is enough to correct any problems there might have been. But nothing has changed, we are not better off four years later than we were in the beginning. We are in fact worse off now than we were four years ago when he first took over. It's so obvious that he has no idea of what needs to be done to get this country working. He is using socialist principles in a market based economy, which is like trying to mix oil and water. We didn't vote for socialism, thats not the kind of change we wanted, but thats the kind of change we are getting. Remember in November, its time to get new leadership.

July 08 2012 at 2:10 PM Report abuse +3 rate up rate down Reply
1 reply to Richard's comment
craigmrfrn

This wasn't your "run of the mill" rescission like the first Bush left us with, this was a catastrophic collapse of the credit markets and major banks. You're comparing apples to oranges.

July 08 2012 at 5:01 PM Report abuse rate up rate down Reply
cindyatdas

What kind of a title is this? Bait and switch? Jeesh, talk about lying.

July 08 2012 at 12:44 PM Report abuse +4 rate up rate down Reply
k8reg

The title of this article is very misleading, 'some good news for job seekers', when in actuality there is no good news for the un/underemployed according to this article. I think I should assemble a gaggle of lawyers to sue the pants off corporations who make false statements such as this. Maybe then I could make a living (well, except for the lawyers getting their 60%).

July 08 2012 at 12:32 PM Report abuse +4 rate up rate down Reply
MERLIN

aol needs to stay out of politics

July 08 2012 at 12:05 PM Report abuse +2 rate up rate down Reply

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