PhotoJune turned out to be a better month for those looking for work than May was.

The Department of Labor (DOL) reports the economy created 222,000 jobs last month, while the unemployment rate inched up to 4.4% from May's 4.3%.

As it reported its figures for June, the government revised its April estimate higher to 207,000 from the 174,000 initially reported, and its May figure from 138,000 to 152,000. That put the gains for the two months at 47,000 more than previously reported.

Both the labor force participation (62.8%) and employment-population ratio (60.1%) showed little change in June and have held fairly steady so far this year.

Who's working and who's not

Among the major worker groups, the unemployment rates for adult men and adult women (both at 4.0%), teenagers (13.3%), Whites (3.8%), Blacks (7.1%), Asians (3.6%), and Hispanics (4.8%) showed little or no change last month.

The employment gains in June were led by health care (+37,000 jobs), social assistance (+23,000), financial activities (+17,000), and mining (+8,000).

Other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and government, showed little change over the month.

Average hourly earnings for all employees on private nonfarm payrolls rose by four cents in June to $26.25. Over the year, average hourly earnings are up 63 cents, or 2.5%.

The complete report may be found on the DOL website.


Share your Comments