The employment picture bounced back strong in June, following a disappointing month of May, according to figures out this morning from the Bureau of Labor Statistics. The American economy added 224,000 jobs last month, after adding just 24,000 jobs in May. The headline unemployment rate ticked up to 3.7 percent.
All told, for the first half of 2019, we have averaged a solid 172,000 new jobs per month. That's down a bit from the strong pace of 223,000 jobs per month we saw in 2018, although the June report was back to that level.
The leading industry for job growth last month was health care, which added 35,000 jobs. Employment in transportation and warehousing expanded by 24,000 in June, while construction added 21,000. Over the past 12 months, construction employment has increased by 224,000.
No comments:
Post a Comment