July Jobs Numbers Come in Below Expectations

Leading Employment and Career Site JobsWeb.com Shares Employment Trends

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JobsWeb.com is the leading employment website

Atlanta, GA (PRWEB) August 12, 2014

The Economic Situation report released by the Bureau of Labor Statistics earlier this month revealed a net growth of 209,000 jobs for the month of July, coming in below expectation and significantly lower than June’s reported jobs number.

Despite the decrease, economists believe July’s job numbers reveal a continued trend toward economic recovery from the Great Recession. July was the sixth consecutive month to add more than 200,000 net new jobs, the first time since the dot-com boom in 1997.

Employment grew in professional and business services with 47,000 new jobs added; manufacturing jobs with 15,000 added; retail trade with 27,000 new jobs; and construction, which added 22,000 jobs in July.

Since the beginning of the year, the US economy has added an average of 230,000 net new jobs a month. In 2013, the economy averaged just 194,000 net jobs a month.

The Department of Labor also revised the nonfarm payroll employment total for both May and June. May was revised from 224,000 to 229,000 jobs, while June was revised from 288,000 to 298,000 jobs. With these revisions, employment gains in May and June were 15,000 higher than previously reported.

About JobsWeb.com:

JobsWeb.com is the leading employment website for professionals in every industry, including advertising, construction, government, and real estate. JobsWeb.com is updated daily with thousands of employment listings. Users can create a profile, upload their resume, apply to positions, and engage in our social communities. Employers can post job listings opportunities and browse a resume bank for applicants. Thousands of new jobs are listed each month by geographic location and specialty, including accounting jobs, banking, creative design, engineering, human resources, manufacturing and project management.


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