Additionally, the seasonally adjusted U-6 Unemployment Rate for July also went down (16.3% in July vs. 16.5% in June). However, the non-seasonally adjusted figure stayed at16.% in both June and July. There were two other bits of good news in this week's jobs report.
#1 It was the smallest amount of job losses in about 1 year (~250,000)
#2 The average work week climbed up 0.1 hours compared to the prior period---so the people with jobs are getting a few more hours.