Jobs Report: 287K Jobs Added in June

Posted by Paladin on July 08, 2016

An employment summary based on the U.S. Bureau of Labor Statistics’ (BLS) June 2016 monthly jobs report.

After a disappointing jobs numbers showing last month, private-sector employment rebounded in June — suggesting the weak May nonfarm-payroll report may have been an anomaly.

The Bureau of Labor Statistics announced 287,000 jobs were added in June, and the national unemployment rate increased to 4.9 percent, up 0.2 percent from May. The number of unemployed persons increased by 347,000 to 7.8 million, bringing the economy back in line with economists’ growth predictions. Hourly wages increased by $0.2 to $25.61 per hour, bringing the year-over-year wage percentage increase to 2.6%.

According to MarketWatch, “The sharp rebound in hiring last month fits with other evidence such as extremely low layoffs and record job openings that suggest the labor market remains the healthiest it’s been in years. The June jobs report also offers confirmation the U.S. economy is expanding at a moderate pace and keeping a recovery that just turned seven years old intact.

Revisions to previous months: The change in total nonfarm payroll employment for April was revised from +123,000 to +144,000,  and the change for May was revised from +38,000 to +11,000.June 2016 nonfarm payroll employment 287 jobs

Let’s break down the numbers from this month’s report:

  •  Wages:
    • $29.61 June
      • +$0.2 month-over-month
      • +2.6% year-over-year
    • $25.59 May
  • Unemployment:
    • 4.9% June
      • +0.2% month-over-month
      • -0.6% year-over-year
    • 4.7% May
      • -0.3% month-over-month
      • -0.8% year-over-year

June 2016 unemployment rate 4.9 percent

In-Depth Look: Top Industries

Check out our analysis of some top industries:

  • Professional and business services
    • Month-over-month change: +38,000
    • +497,000 jobs added since May of last year
  •  Construction
    • Month-over-month change: 0
    • +217,000 jobs added year-over-year
  • Manufacturing
    • Month-over-month change: +14,000
    • -29,000 jobs lost year-over-year
  • Transportation and warehousing
    • Month-over-month change: -9,400
    • +38,400 year-over-year job gains
  • Health care
    • Month-over-month change: +38,500
    • +480,900 jobs added since June of last year
  • Hospitals
    • Month-over-month change: +15,000
    • +192,700 jobs added in the last year
  • Administrative and support services
    • Month-over-month change: +16,200
    • +163,200 jobs added year-over-year
  • Office Administrative Services
    • Month-over-month change: +1,500
    • +20,700 jobs added year-over-year

In-Depth Look: Creative and Marketing Jobs

Taking a closer look at the industries subsectors:

  • Publishing
    • Month-over-month: +1,700
    • Year-over-year: +1,100
  • Motion Picture and Sound Recording
    • Month-over-month: +10,900
    • Year-over-year: +21,000
  • Data processings, hosting and related services
    • Month-over-month: +2,200
    • Year-over-year: +3,600
  • Broadcasting
    • Month-over-month: -1,300
    • Year-over-year: -1,000
  • Specialized Design
    • Month-over-month: +1,400
    • Year-over-year: +8,700
  • Advertising
    • Month-over-month: 0
    • Year-over-year: +13,200

The market remains extremely competitive for employers hoping to hire top professionals. But there are some things you can do to establish your business in the marketplace as a great place to work. To get ahead of your competitors and add exceptional professionals to your workforce, make sure you are offering a competitive salary. Request a free copy of our 2016 Salary Guide – a comprehensive resource for salaries across the industry – to get the latest salary insights that will help you hire the industries top professionals.

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