On Friday July 8th, the U.S. Bureau of Labor Statistics (BLS) released their newest unemployment data for June 2016. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate is 4.9% up from 4.7% for May. The current “Unadjusted” rate is 5.1% up from 4.5% in May.
In an interesting twist, although total non-farm payroll employment increased by 287,000 in June, the unemployment rate also rose to 4.9 percent from 4.7%. [Continue reading]