As of June 2018...
EMPLOYMENT & UNEMPLOYMENT
The Department of Labor reported an unemployment rate of 4.0 percent for June with 213,000 jobs created.
In June, the jobs report shows an increase of 213,000 nonfarm jobs. Sectors with job gains include manufacturing (36,000), health care (25,000), and construction (13,000).
NET INCREASES IN NONFARM JOBS
DOL revised upward the net increases in nonfarm jobs in May, from 223,000 to 244,000, and in April, from 159,000 to 175,000, bringing average monthly job gains for the quarter to 211,000.
TAX REFORM CONTINUES TO SPUR ECONOMIC GROWTH. . .
The U.S.has created 1,287,000 new jobs since the Tax Cuts and Jobs Act became law and 3,827,000 new jobs since President Trump was elected in November 2016.
The U-6rate, a measure of unemployed and underemployed workers, edged up to 7.8 percent.
By theU-6 measure, 12.7 million Americansare unemployed. These are people who are unemployed (6.6 million), want workbut have not looked for a job recently (1.4 million), or are working part timebecause they cannot find full-time employment (4.7 million).
The numberof long-term unemployed, those unemployed for 27 weeks or more, was 1.5 million. They account for 23.0percent of the unemployed.
In June, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.98. It is a 72-cent, or 2.7 percent, gain from a year ago.
LABOR FORCE PARTICIPATION
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