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US Economy Adds 224,000 Jobs In June

President Donald Trump

President Donald Trump continued his impressive jobs record as the US economy added 224,000 jobs in June, after a disappointing May.

Although unemployment rate rose to 3.7% since March 2019, it is still historically low.

The latest positive news beat the expectations of analysts, who had forecast a drop in jobs because of business uncertainty around high trade tensions as well as a lackluster housing market.

Figures released by the Bureau of Labor Statistics showed that the largest employment gains came in health care and professional and business services, although manufacturing turned in a robust 17,000 jobs after four months of little change — a surprise turnaround for an industry that has been flagging with higher raw material costs due to tariffs and the downturn of world trade.

Here is a breakdown of jobs gained in each industry:

Information released by Bureau of Labor Statistics showed in June, notable job gains occurred in professional and business services, in health care, and in transportation and warehousing.

Professional and business services added 51,000 jobs in June, following little employment change in May (+24,000).
Employment in health care increased by 35,000 over the month and by 403,000 over the past 12 months. In June, job growth occurred in ambulatory health care services (+19,000) and hospitals (+11,000).

Transportation and warehousing added 24,000 jobs over the month and 158,000 over the past 12 months. In June, job gains occurred among couriers and messengers (+7,000) and in air transportation (+3,000).

Construction employment continued to trend up in June (+21,000), in line with its average monthly gain over the prior 12 months.

Manufacturing employment edged up in June (+17,000), following 4 months of little change. So far this year, job growth in the industry has averaged 8,000 per month, compared with an average of 22,000 per month in 2018. In June, employment rose in computer and electronic products (+7,000) and in plastics and rubber products (+4,000).

Employment in other major industries, including mining, wholesale trade, retail trade, information, financial activities, leisure and hospitality, and government, showed little change over the month.

In June, average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.90, following a 9-cent gain in May. Over the past 12 months, average hourly earnings have increased by 3.1 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $23.43 in June.

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.4 hours in June. In manufacturing, the average workweek edged up 0.1 hour to 40.7 hours, while overtime was unchanged at 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls held at 33.6 hours.

Job gains have averaged 171,000 per month over the last 3 months.



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