Economy Adds 175,000 Jobs

A blog about business and economics.
June 7 2013 8:39 AM

Unemployment Rate Rises Slightly Even as Economy Adds 175,000 Jobs  

The Labor Department announced today that the economy added 175,000 jobs in May, a pretty good result marred by a slight uptick in the unemployment rate to 7.6 percent.

Why would the unemployment rate rise even as the economy adds jobs? Well it's possible that a lot of extra people have been pulled into the labor market by improving conditions. But it also could just be a statistical discrepancy. As I wrote yesterday, these figures are based on two separate surveys so they can move in different directions. The BLS also wrote that "among the major worker groups, the unemployment rates for adult men (7.2 percent), adult women (6.5 percent), teenagers (24.5 percent), whites (6.7 percent), blacks (13.5 percent), and Hispanics (9.1 percent) showed little or no change in May." That gives you a glimpse at how small the shift in the unemployment rate is. After all, if there's no change for adult men or for adult women or for teenagers then it's not really possible to have a large shift.

The bad news here is that we had a slight (~12,000 jobs) downward revision to the previous two months.


Per usual, the private sector added jobs while the public sector shed them. But the interesting wrinkle this month is that local government actually added quite a few jobs—13,000 in fact, of which more than 7,000 were teachers—but the increase in local government employment was offset by a large decline in federal employment. We have 3,800 fewer postal workers than we had a month ago, and 9,400 fewer non-postal federal employees. We seem, in other words, to be seeing some of the direct employment impact of sequestration.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.


Sports Nut

Grandmaster Clash

One of the most amazing feats in chess history just happened, and no one noticed.

The Extraordinary Amicus Brief That Attempts to Explain the Wu-Tang Clan to the Supreme Court Justices

Amazon Is Officially a Gadget Company. Here Are Its Six New Devices.

How Much Should You Loathe NFL Commissioner Roger Goodell?

Here are the facts.

Amazon Is Officially a Gadget Company


The Human Need to Find Connections in Everything

It’s the source of creativity and delusions. It can harm us more than it helps us.


How to Order Chinese Food

First, stop thinking of it as “Chinese food.”

Scotland Is Inspiring Secessionists Across America

You Shouldn’t Spank Anyone but Your Consensual Sex Partner

Sept. 17 2014 5:10 PM The Most Awkward Scenario in Which a Man Can Hold a Door for a Woman
  News & Politics
Sept. 18 2014 10:42 AM Scalia’s Liberal Streak The conservative justice’s most brilliant—and surprisingly progressive—moments on the bench.
Business Insider
Sept. 17 2014 1:36 PM Nate Silver Versus Princeton Professor: Who Has the Right Models?
The Eye
Sept. 18 2014 12:47 PM How One of the Most Prolific Known Forgers in Modern History Faked Great Works of Art
  Double X
The XX Factor
Sept. 18 2014 12:03 PM The NFL Opines on “the Role of the Female”
  Slate Plus
Slate Fare
Sept. 17 2014 9:37 AM Is Slate Too Liberal?  A members-only open thread.
Sept. 18 2014 12:37 PM The Movies May Have Forgotten About Them, but Black Cowboys Are Thriving
Future Tense
Sept. 18 2014 12:46 PM The World Is Warming. So Why Is Antarctic Sea Ice Hitting Record Highs?
  Health & Science
Bad Astronomy
Sept. 18 2014 7:30 AM Red and Green Ghosts Haunt the Stormy Night
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.