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U.S. Talent Market Monthly August 2012
1. August 3, 2012
U.S. EMPLOYERS HIRED A AVERAGE HOURLY EARNINGS THE UNEMPLOYMENT RATE
TOTAL OF (ALL WORKERS) ROSE TO
163,000WORKERS IN JULY
$23.52
1.7% ABOVE LAST YEAR
8.3%
9.1% LAST JULY
U.S. EMPLOYMENT RISES – BUT SO DOES UNEMPLOYMENT
• The U.S. labor market showed some signs of strength in July as hiring increased amid
uncertain economic conditions both at home and overseas.
• The uptick in job creation was not enough to drive down unemployment, which remains
at a frustratingly high level.
• Whether the economy can sustain the positive employment momentum is uncertain, as
the outlook for the rest of 2012 is less than robust.
The U.S. economy added a better-than-expected 163,000 jobs in July, a marked improvement from the revised figure of 64,000 in
June and more than double the rate of job creation in the prior three months. The healthy job gains are encouraging, signaling that
employers are adding to their payrolls despite broader macroeconomic uncertainty both in the U.S. and overseas.
(Continued)