06.08.201009:39:00UTC+00Employment Falls By More Than Expected In July

Reflecting a notable decrease in temporary workers hired for the census, the Labor Department's report on the employment situation in the month of July showed that total employment fell by much more than expected for the month.

The Labor Department said Friday that non-farm payroll employment fell by 131,000 jobs in July following a revised decrease of 221,000 jobs in June. Economists had expected employment to drop by 87,000 jobs compared to the loss of 125,000 jobs originally reported for the previous month.

At the same time, the report showed that the unemployment rate came in unchanged compared to the previous month at 9.5 percent. The unemployment rate had been expected to edge up to 9.6 percent.

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