Unemployment Trends Down in June

According to the U.S. Labor Department, the number of applicants for unemployment benefits rose slightly by 7,000 to a seasonally adjusted 343,000 last week, following a decline of 22,000 the previous week. The four-week average fell to 345,000. The job market in July can be particularly volatile, as automakers stop operating their factories for two weeks to prepare for production of newer models.

Employers added 195,000 jobs in June, and the unemployment rate remained steady at 7.6%, which is down 8.2% year-over-year. On average, the job market has grown by 202,000 jobs per month in 2013, up from 183,000 per month in 2012.

Read the full article at the SF Gate