After a disappointing jobs numbers showing last month, private-sector employment picked up a bit in June — suggesting the weak May nonfarm-payroll report may have been an anomaly.
The Bureau of Labor Statistics' jobs report showed that 287,000 private-sector jobs were added in June, above economists expectations for a gain of 150,000 jobs.
Economists predicted 150,000+ job additions ahead of this morning's jobs report and the report exceeded expectations. Over 287,000 jobs were added this month which is well above last month's 11,000 (adjusted from 38,000).
While the pickup in private-sector employment in June suggests that last month's very weak number might have been an outlier and that the economy is a little sturdier than some feared, there is still strong indications that the U.S. Federal Reserve (Fed) won't raise interest rates again until the end of the year and into 2017.
Here is a look at the national numbers from this month's report:
- $25.61 June
- $25.59 May
- + 2 cents month-over-month
- +2.6% year-over-year
- 4.9% June
- 4.7% May
- +0.2% month-over-month
- -0.4% year-over-year
In June, hourly wages rose $0.2 to $25.61 per hour, bringing the year-over-year wage percentage increase to 2.6%. The unemployment rate increased month-over-month and now sits at 4.9%.
In-Depth Look: Our Industries
Let's dive right into a look at how our industries compare to the national numbers:
- Professional and business services
- Month-over-month change: +38,000
- +497,000 jobs added year-over-year
- Month-over-month change: 0
- +217,000 jobs added year-over-year
- 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 year-over-year
- 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
The market remains hot for job seekers looking for top HR, non-clinical healthcare and supply chain and logistics jobs and employers will need to stay competitive. Make sure you're paying your people the right salary and doing everything you can to recruit and retain the best talent – check out our Salary Guide to find out how.