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The Labor Market Situation
August 5, 2013
Dr. Jennifer Hunt
Chief Economist
US Department of Labor
Office of the Chief Economist

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Steady job growth since February 2010
Over-the-month change, in thousands
• July: 161
• June: 196
• May: 187
12-month change, in thousands
• June 2012 to June 2013: 2,315
• Average: 193

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Steady unemployment decline since end 2009

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Retail Trade led job growth this month

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Since the end of the recession, many industries have
not recovered their employment losses

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Long-term unemployed share falling

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The real value added of manufacturing
output continues to increase

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However, manufacturing accounts for a
declining portion of GDP and total employment

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Auto Sales are at pre-recession levels
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salesvolume,seasonallyadjustedannualrate,inmillions
Domestic Light Vehicle Sales
Source: Haver Analytics

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Employment in the Auto Industry is a bright spot in
the recovery

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Thank you!