The Employment Situation: June 2001 — 2001-07-06

Nonfarm payroll employment fell by 114,000 in June, and the unemployment rate was little changed, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Manufacturing experienced another large job loss, and wholesale trade employment declined for the third consecutive month. Other major industry groups showed no significant change in employment over the month. Both the unemployment rate (4.5 percent) and the number of unemployed per- sons (6.4 million) were little changed in June. In each of the past 3 months, the jobless rate has been either 4.4 or 4.5 percent; its most recent low was 3.9 percent in October 2000. The rates for all the major worker groups--adult men (4.0 percent), adult women (3.8 percent), teenagers (14.3 percent), whites (4.0 percent), blacks (8.4 percent), and Hispanics (6.6 percent)--showed little or no change over the month. (See tables A-1 and A-2.) Total employment, at 134.9 million, was little changed in June.