1,000 New Private Sector Jobs; Unemployment Rises with More Looking for Work; GovGuam Jobs Down Again
August 23, 2013
There are 1,000 new jobs over the previous year in the private sector and nearly 2,000 more people actively looking for work over the last quarter. Ironically, with the number of jobs increasing, the number of persons in the labor force has also increased. Increased confidence can contribute to the number of persons choosing to look for work.  The unemployment rate has climbed back to 13.3 percent in March 2013 even though there are 1,000 new private sector jobs as of June 2013.
The June 2013 Current Employment Report, which shows the increase in private sector jobs is attached, along with the March 2013 Unemployment Report which shows the 13.3 percent unemployment rate.
The Current Employment Report shows that from June 2012 to June 2013, there are:
–       570 new jobs in the construction industry
–       330 new jobs in the service sector
–       250 new jobs in hotels
–       250 new jobs in the transportation and utilities industries
Also of note, private sector average hourly earnings increased from $12.57 to $12.81. Average weekly earnings also increased from $448.96 to $456.74. However, average weekly hours paid declined from 36.4 in March to 35.6 in June, “which is little changed from the 35.7 figure of one year ago in June 2012.
It should be noted that GovGuam jobs declined by 130 jobs for the comparable period of one year ago.
Unemployment Situation on Guam March 2013

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