Nonfarm payroll employment was virtually unchanged in July (up 6,000) after a revised increase of 66,000 jobs in June. The second-quarter net employment increase (67,000) seems to compare favorably with the first-quarter job loss (189,000), but most of that loss (165,000) came in February.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-08, pp. 12, 08.01.2002.