This morning the Bureau of Labor Statistics (BLS) released its summary of June's employment situation. The unemployment rate dropped slightly to 5.3 percent, and payroll employment grew by 223,000 jobs.
June's job growth was on pace with the average for the last three months (221,000), but slightly below the average monthly gain of 250,000 for the prior 12 months. Professional and business services saw the largest monthly gain in June, 64,000 jobs, with nearly one-third of that due to an increase in temporary help services. Health care added 40,000 jobs in June.
The BLS noted unemployment rates of 4.8 percent each for adult men and adult women. By comparison, the unemployment rate for teens was 18.1 percent last month. That's down from 20.7 percent in June 2014, but teens still face significantly higher unemployment rates than adults. In June, the unemployment sat below 4.0 percent for those ages 35 to 44, 45 to 54, and 55 and older nationwide.
Note: all figures in this post are seasonally adjusted, and the Bureau of Labor Statistics is the source for all data.