“Total nonfarm payroll employment increased by 213,000 in June, and the unemployment rate rose to 4.0 percent,” the U.S. Bureau of Labor Statistics reported on Friday.
Key takeaways from the official publication
- Total nonfarm payroll employment increased by 213,000 in June and has grown by 2.4 million over the last 12 months.
- The unemployment rate rose by 0.2 percentage point to 4.0 percent in June, and the number of unemployed persons increased by 499,000 to 6.6 million.
- The number of long-term unemployed (those jobless for 27 weeks or more) increased by 289,000 in June to 1.5 million.
- In June, the civilian labor force grew by 601,000. The labor force participation rate edged up by 0.2 percentage point over the month to 62.9 percent but has shown no clear trend thus far this year.
- The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5 hours in June.
- In June, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.98.
- Over the year, average hourly earnings have increased by 72 cents, or 2.7 percent.
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