Washington, DC…Nonfarm payroll employment rose by 223,000 in June, and the
\nunemployment rate declined to 5.3 percent. Employment increased
\nin professional and business services, health care, retail
\ntrade, financial activities, and in transportation and
\nwarehousing. <\/p>\n
Incorporating revisions for April and May, which decreased
\nnonfarm employment by 60,000, monthly job gains have averaged
\n221,000 over the past 3 months. In the 12 months prior to June,
\nemployment growth averaged 250,000 per month.<\/p>\n
Employment in professional and business services rose by
\n64,000 in June, about in line with the average monthly gain of
\n57,000 over the prior 12 months. In June, employment continued
\nto trend up in temporary help services (+20,000), architectural
\nand engineering services (+4,000), and computer systems design
\nand related services (+4,000). <\/p>\n
Health care employment increased by 40,000 in June,
\ncompared with an average gain of 34,000 per month over the prior
\n12 months. Employment growth was widespread within the industry
\nin June, with gains in ambulatory health care services
\n(+23,000), hospitals (+11,000), and nursing and residential care
\nfacilities (+7,000). <\/p>\n
Retail trade employment grew by 33,000 in June and has
\nincreased by 300,000 over the past year. General merchandise
\nstores added 10,000 jobs over the month. <\/p>\n
Employment in financial activities rose by 20,000 in June.
\nJob gains occurred in insurance carriers and related activities
\n(+9,000) and in securities, commodity contracts, and investments
\n(+7,000). Employment in commercial banking declined by 6,000
\nover the month. Financial activities has added 159,000 jobs over
\nthe year, with insurance accounting for about half of the gain.<\/p>\n
Transportation and warehousing added 17,000 jobs in June
\nand 152,000 jobs over the year. Employment in truck
\ntransportation continued to trend up over the month (+7,000). <\/p>\n
Within leisure and hospitality, employment continued to
\ntrend up in food services and drinking places in June (+30,000)
\nand has increased by 355,000 over the year. <\/p>\n
Construction employment was unchanged in June. Over the
\nprior 12 months, job growth had averaged 22,000 per month.
\nManufacturing employment changed little for the fifth month in a
\nrow. <\/p>\n
Mining employment continued to trend down in June (-4,000);
\nthe industry has lost 71,000 jobs since a recent high in
\nDecember 2014. <\/p>\n
Average hourly earnings of all employees on private nonfarm
\npayrolls were unchanged at $24.95 in June. Over the past 12
\nmonths, average hourly earnings have risen by 2.0 percent. From
\nMay 2014 to May 2015, the Consumer Price Index for All Urban
\nConsumers (CPI-U) was unchanged (on a seasonally adjusted
\nbasis).<\/p>\n
Turning now to data from our survey of households, the
\nunemployment rate decreased by 0.2 percentage point to 5.3
\npercent in June, and the number of unemployed persons declined
\nby 375,000 to 8.3 million. The number of long-term unemployed
\n(those unemployed 27 weeks or more) fell by 381,000 to 2.1
\nmillion. These individuals made up 25.8 percent of the
\nunemployed in June. <\/p>\n
The civilian labor force declined by 432,000 in June (on a
\nseasonally adjusted basis), after increasing by 397,000 in May.
\nAt this time of year, a large number of people move into and out
\nof employment and unemployment. On a not seasonally adjusted
\nbasis, the net labor force gain in June was unusually low
\ncompared with prior years. As always, we caution against placing
\ntoo much emphasis on one month’s data. <\/p>\n
The labor force participation rate declined by 0.3
\npercentage point to 62.6 percent in June. The employment-
\npopulation ratio was essentially unchanged in June at 59.3
\npercent and has shown little movement thus far in 2015.<\/p>\n
The number of persons employed part time for economic
\nreasons, at 6.5 million, was little changed in June. These
\nindividuals, who would have preferred full-time employment, were
\nworking part time because their hours had been cut back or
\nbecause they were unable to find full-time work.<\/p>\n
Among people who were neither working nor looking for work
\nin June, 1.9 million were classified as marginally attached to
\nthe labor force, little changed over the year. These individuals
\nhad not looked for work in the 4 weeks prior to the survey but
\nwanted a job, were available for work, and had looked for a job
\nwithin the last 12 months. The number of discouraged workers, a
\nsubset of the marginally attached who believed that no jobs were
\navailable for them, was 653,000 in June, essentially unchanged
\nfrom a year earlier. <\/p>\n
In summary, nonfarm payroll employment rose by 223,000 in
\nJune, and the unemployment rate declined to 5.3 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington, DC…Nonfarm payroll employment rose by 223,000 in June, and the unemployment rate declined to 5.3 percent. Employment increased in professional and business services, health care, retail trade, financial activities, and in transportation and warehousing. Incorporating revisions for April and May, which decreased nonfarm employment by 60,000, monthly job gains have averaged 221,000 over the […]<\/p>\n","protected":false},"author":1,"featured_media":6322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-6321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/blslogo.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/6321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6321"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/6321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/6322"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}