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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

July jobs report

Unemployment ticks down to 9.1% amid modest job increases

Posted by RJ and Makay on Aug 05, 2011

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117,000 non-farm jobs were added to the U.S. economy in June, and the unemployment rate ticked down one percentage point to 9.1%, the Labor Department reported. The positive report brought some calm to a jittery market that saw a 512 point decline in the Dow Jones the day before. Employers hired more people than economists had expected but the gain was not at levels needed for a sustained jobs recovery.