Posted July 8, 2016

Unemployment rate rises to 4.9 percent

The unemployment rate rose to 4.9 percent in June, the U.S. Bureau of Labor Statistics reported today.

The number of unemployed persons increased by 347,000 to 7.8 million. These increases largely offset declines in May and brought both measures back in line with levels that had prevailed from August 2015 to April.

Total nonfarm payroll employment increased by 287,000 during the month.

Manufacturing employment increased by 14,000 in June, and there was no change in employment levels in construction. Employment in mining continued to trend down in June, losing 6,000 jobs. Since reaching a peak in September 2014, mining has lost 211,000 jobs.

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