*The bottom line is that the U.S. economy added 224,000 jobs in June, outstripping the more than the 165,000 economists had predicted. However, the unemployment rate edged slightly higher to 3.7% and wages grew at an annualized pace of 3.1%, the Labor Department said on Friday.
Here is more from the Bureau of Labor Statistics:
Total nonfarm payroll employment increased by 224,000 in June, and the
unemployment rate was little changed at 3.7 percent, the U.S. Bureau
of Labor Statistics reported today. Notable job gains occurred in
professional and business services, in health care, and in transportation
and warehousing.
This news release presents statistics from two monthly surveys. The
household survey measures labor force status, including unemployment,
by demographic characteristics. The establishment survey measures nonfarm
employment, hours, and earnings by industry. For more information about
the concepts and statistical methodology used in these two surveys, see
the Technical Note.
Household Survey Data
Both the unemployment rate, at 3.7 percent, and the number of unemployed
persons, at 6.0 million, changed little in June. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (3.3
percent), adult women (3.3 percent), teenagers (12.7 percent), Whites
(3.3 percent), Blacks (6.0 percent), Asians (2.1 percent), and Hispanics
(4.3 percent) showed little or no change in June. (See tables A-1, A-2,
and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more)
was little changed at 1.4 million in June and accounted for 23.7 percent
of the unemployed. (See table A-12.)
The labor force participation rate, at 62.9 percent, was little changed
over the month and unchanged over the year. In June, the employment-
population ratio was 60.6 percent for the fourth month in a row. (See
table A-1.)
The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) was essentially unchanged
at 4.3 million in June. These individuals, who would have preferred full-
time employment, were working part time because their hours had been
reduced or they were unable to find full-time jobs. (See table A-8.)
In June, 1.6 million persons were marginally attached to the labor force,
little different from a year earlier. (Data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available
for work, and had looked for a job sometime in the prior 12 months. They
were not counted as unemployed because they had not searched for work in
the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 425,000 discouraged workers in
June, little changed from a year earlier. (Data are not seasonally
adjusted.) Discouraged workers are persons not currently looking for
work because they believe no jobs are available for them. The remaining
1.1 million persons marginally attached to the labor force in June had
not searched for work for reasons such as school attendance or family
responsibilities. (See table A-16.)
Get the rest of the June ’19 jobs report at the Bureau of Labor Statistics.
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