The month of June has been interesting when it comes to employment. Job creation has increased 222,000 new jobs. The unemployment rate was little changed at 4.4 percent from the previous 4.3% in May. Unemployment has increased since there are more people entered the labor force. Employment has increased in fields of health care, social assistance, financial activities, and mining.
Here are some of the highlights for the month of June.
- Unemployment increased from 4.3% to 4.4%
- Wages stayed the same at 2.5%
- The economy created a total of 222,000 jobs
- Unemployment for adult men increased by 0.2%
- Unemployment for adult women stayed the same from May at 0.1%
- Unemployment for Whites increased to 0.1%, Hispanics and African Americans decreased by 0.4%, and Asians remained the same for this month
EMPLOYMENT BY EDUCATION
- Unemployment for persons without a high school diploma increased by 0.3%
- Unemployment for persons with a high school diploma decreased by 0.1%
- Unemployment for persons with a bachelor’s degree or higher increased by 0.1%
UNEMPLOYMENT % BREAKDOWN BY INDUSTRY (COMPARED TO LAST YEAR)
- Manufacturing had 0% change from May
- Constructing increased by 0.2%
- Wholesale had 0% change and retail had a 0.1% increase
- Transportation had 0% change and utilities increased by 0.1%
- Professional and business services decreased by 0.2%
- Government unemployment had 0.2% change
Overall, the economy hiring has increased since May, but with wages being barely increased it continues to be an issue.
If you would like more information, check out the U.S. Department of Labor’s Employment Situation Summary.