According to the U.S. Bureau of Labor Statistics, nonfarm payroll employment in U.S. continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent. Professional and business services added jobs, and employment in other major industries changed little over the month.
Few companies are planning large-scale layoffs for the remainder of this year.
Although unemployment has come down from the recessionary levels of the previous decade, it sometimes feels as if layoffs are continuing at robust pace. Every few days, it seems, comes an announcement of another round of large-scale job cuts. One week it’s Bank of America, the next it’s Hewlett-Packard, the week after that it’s Best Buy. When will it ever end?