222,000 jobs added in June

Posted by Paladin on July 07, 2017

222,000 jobs added in June

The Latest From the BLS Employment Report:

The Labor Department released the June hiring and unemployment figures on Friday morning. This is the latest official snapshot of the state of the American economy. Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent.

June was the 81st consecutive month of job gains. The unemployment rate is hovering just above its lowest level since 2001. Shortly after the Great Recession ended in 2009, unemployment peaked at 10 percent.This month, employment increased in health care, social assistance, financial activities, and mining.

Economists’ predictions

Economists had expected employment gains of 175,000. Actual gains of 220,000 exceeded the expectations.

This Month’s Jobs Report

Let’s break down the numbers from this month’s jobs report.

In June, hourly wages increased by $0.04 to $26.25 per hour, following a 3 cent increase in May. This brings the year-over-year wage percentage increase to 2.5 percent. The unemployment rate saw a slight uptick to 4.4 percent.

Wages

  • $26.25 June
    • 0.04 month-over-month
    • 2.5% year-over-year
  • $26.21 May

Unemployment

  • 4.4% June
    • 0.1% month-over-month
  • 4.3% May

National Unemployment Rate

June 2015-2017

In-Depth Look: Our Industries

Let’s take a look at how our industries are performing.

Manufacturing

  • Month-over-month change: 1,000
  • 49,000 jobs added year-over-year

Administrative and support services

  • Month-over-month change: 11,600
  • 281,300 jobs added year-over-year

Advertising and related services

  • Month-over-month change: -300
  • -1,900 jobs lost year-over-year

Professional and business services

  • Month-over-month change: 35,000
  • 624,000 jobs added year-over-year

Publishing industries, except Internet

  • Month-over-month change: -2,200
  • -8,100 jobs lost year-over-year

Hospitals

  • Month-over-month change: 11,700
  • 90,900 jobs added year-over-year

Data processing, hosting and related services

  • Month-over-month change: 900
  • 2,800 jobs added year-over-year

Construction

  • Month-over-month change: 16,000
  • 206,000 jobs added year-over-year

Specialized design services

  • Month-over-month change: 0
  • 1,800 jobs added year-over-year

Transportation and warehousing

  • Month-over-month change: 2,400
  • 97,200 jobs added year-over-year

Office administrative services

  • Month-over-month change: 2,600
  • 31,700 jobs added year-over-year

Health care

  • Month-over-month change: 36,500
  • 327,900 jobs added year-over-year

Motion picture and sound recording industries

  • Month-over-month change: -3,200
  • -20,800 jobs lost year-over-year

Posted in: Employers, Job Seekers, Jobs Reports

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