Envisioning Employment: Employment Situation July 2011

Today’s Employment Situation Report showed that in July, net nonfarm payrolls increased rising 117,000 from June while private nonfarm payrolls added 154,000 and the unemployment rate declined slightly to 9.1% over the same period.

Net private sector jobs increased 0.14% since last month climbing 1.68% above the level seen a year ago but but remained a whopping 5.58% below the peak level of employment seen in December 2007.