Payroll Employment Up 121,000 in June.
Unemployment Rate Steady at 4.6%
The Bureau of Labor Statistics (BLS) released a report today on employment and unemployment for June (BLS pdf summary available at http://stats.bls.gov/news.release/pdf/empsit.pdf).
Highlights of the report:
- Non-farm payroll employment increased by 121,000 net new jobs in June.
- In the past 34 consecutive months with payroll job gains, over 5.4 million new jobs have been created.
- Over the year ending in June, 1.85 million net new payroll jobs have been created.
- The unemployment rate (calculated from the household survey of employment) remained at 4.6% in May.
- At 4.6 percent, the unemployment rate is well below the recent peak of 6.3 percent in June 2003 and below the averages of the 1960s, 1970s, 1980s, and 1990s.
ยท Average hourly earnings increased by 8 cents in June and have risen over the past year by 3.9 percent.
Highlights of the report:
- Non-farm payroll employment increased by 121,000 net new jobs in June.
- In the past 34 consecutive months with payroll job gains, over 5.4 million new jobs have been created.
- Over the year ending in June, 1.85 million net new payroll jobs have been created.
- The unemployment rate (calculated from the household survey of employment) remained at 4.6% in May.
- At 4.6 percent, the unemployment rate is well below the recent peak of 6.3 percent in June 2003 and below the averages of the 1960s, 1970s, 1980s, and 1990s.
ยท Average hourly earnings increased by 8 cents in June and have risen over the past year by 3.9 percent.
