195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor ForceSubmitted by emalvini on Fri, 08/03/2012 - 10:36
195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force
By Terence P. Jeffrey
August 3, 2012
(CNSNews.com) - There were 195,000 fewer people employed in the United States in July than in June, according to the Bureau of Labor Statistics, as the national unemployment rate ticked up from 8.2 percent to 8.3 percent.
Meanwhile, 150,000 people simply dropped out of the labor force during the month and did not seek to find a job.
In June, according to BLS, there had been 142,415,000 people employed in the United States. In July, that dropped to 142,220,000--a decline of 195,000.