The Labor Department released the June hiring and unemployment figures on Friday morning. This jobs report 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%.
This month, employment increased in health care, social assistance, financial activities, and mining.
Economists had expected employment gains of 175,000. Actual gains of 220,000 exceeded the expectations.
This months report
Let’s break down the numbers from this month’s 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.
- $26.25 June
- 0.04 month-over-month
- 2.5% year-over-year
- $26.21 May
In-Depth Look: Our Industries
Let’s dive right into a look at how our industries compare to the national numbers:
- 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
- Month-over-month change: 11,700
- 90,900 jobs added year-over-year
- Month-over-month change: 16,000
- 206,000 jobs added year-over-year
Professional and business services
- Month-over-month change: 35,000
- 624,000 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
- Month-over-month change: 36,500
- 327,900 jobs added year-over-year
The market remains hot for job seekers looking for top HR, non-clinical healthcare and supply chain and logistics positions; therefore 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 2017 Salary Guide.