by Calculated Risk on 7/07/2023 08:40:00 AM
Friday, July 07, 2023
June Employment Report: 209 thousand Jobs, 3.6% Unemployment Rate
From the BLS:
Total nonfarm payroll employment increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in government, health care, social assistance, and construction.
...
The change in total nonfarm payroll employment for April was revised down by 77,000, from +294,000 to +217,000, and the change for May was revised down by 33,000, from +339,000 to +306,000. With these revisions, employment in April and May combined is 110,000 lower than previously reported.
emphasis added
The first graph shows the jobs added per month since January 2021.
Total payrolls increased by 209 thousand in June. Private payrolls increased by 149 thousand, and public payrolls increased 60 thousand.
Payrolls for April and May were revised down 110 thousand, combined.
Payrolls for April and May were revised down 110 thousand, combined.
In June, the year-over-year change was 3.79 million jobs. Employment was up significantly year-over-year.
The third graph shows the employment population ratio and the participation rate.
The Employment-Population ratio was unchanged at 60.3% from 60.3% (blue line).I'll have more later ...