Friday, July 5, 2013

U.S. Employers Added 195,000 Jobs to Payrolls in June

This morning the Bureau of Labor Statistics (BLS) reported that the U.S. saw a seasonally adjusted gain of 195,000 jobs in June. That's slightly higher than the average monthly gain of 182,000 jobs over the past 12 months. By industry, the largest monthly job gains occurred in leisure and hospitality (+75,000); professional and business services (+53,000); retail trade (+37,000); and health care (+20,000).

Revised employment estimates from previous months showed stronger job growth than originally reported. Updated U.S. job gains for April showed an increase in employment of 199,000 jobs (up from 149,000). Revisions for May showed a 195,000-job gain, up from the original estimate of 175,000.

The unemployment rate remained steady at 7.6 percent in June. The number of unemployed persons (11.8 million) was also unchanged over the month. The labor force grew by 177,000 job seekers in June. The unemployment rate for men ages 20 and older (7.0%) and women ages 20 and older (6.8%) sat well below the rate for teenagers ages 16 to 19 (24.0%).

More information can be found in full news release from the BLS.

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