The Employment Situation: July 1994 — 1994-08-05

Job growth continued in July and unemployment was little changed, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The number of nonfarm payroll jobs rose by 259,000 over the month, with gains concentrated in services and retail trade. The unemployment rate was 6.1 percent; it had been 6.0 percent in the prior 2 months. Both the number of unemployed persons, 8.0 million, and the unemployment rate, 6.1 percent, were about unchanged in July, after seasonal adjustment. The jobless rate had declined by 0.7 percentage point from January to May and has been relatively flat for the past 2 months. (See table A-1.) The only major worker group that showed a significant change in joblessness in July was adult men, whose unemployment rate increased by 0.3 percentage point to 5.6 percent, the same rate as in April.