The number of employed workers rose by 1,830, while the number of unemployed people increased by 1,807.
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Meanwhile, the number of jobs decreased by 600, or 1.1 percent, to 55,800 in June. But hiring roared back in June, when employers added 287,000 jobs, the most in eight months. Much of the decline is a temporary seasonal loss as schools close for the summer.
In seasonally adjusted terms, the number of jobless people dropped by 7,000 in July month-on-month.
Meanwhile, the number of initial claims for unemployment insurance declined by 581, or 17.6 percent, to 2,713 in June. Sectors gaining positions included leisure and hospitality, education and health services, and trade, transportation and warehousing. And, over the year, claims were up by 307, or 48.7 percent, from 631 in June 2015.
The Federal Labor Agency said Thursday that 2.661 million people were registered unemployed in Europe’s largest economy, about 47,000 more than in June.
The jobless rate in the Three Rivers region in June was up from 5.1 percent in May.
Although that rate of growth is probably unsustainable, a tightening labor market, rising house prices and higher savings should underpin spending for the rest of 2016.
The number of initial claims for unemployment insurance rose by 142, or 17.8 percent, to 938 in June.
Consumer spending, which makes up more than two-thirds of US economic activity, increased at a 4.2 percent rate – the fastest since the fourth quarter of 2014 and accounting for the rise in GDP growth in the second quarter. It was 5.8 percent in June 2015.
Every Georgia metro area experienced the same phenomenon, with their rates jumping about 1 percent because of more people seeking work.
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The employment rate also remained unchanged at 65.7 percent in June. It was 5.8 percent in June 2015.
