Saturday, August 6, 2011

Employment: Update July 2011

The monthly news on employment change is good news. We needed that. The economy gained 117,000 jobs in July. But the news are actually better. Revisions to May and June data by the Bureau of Labor Statistics also added additional jobs by upward revisions of 28,000 for each month. This sort of thing happens. Last month we had severe downward revisions, this month we went the other way.

The two graphics showing month-to-month changes and a summary of recovery from the Great Recession follow:




The data for these charts comes from the monthly BLS press release (link).

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