July 5, 2019

June 2019 Jobs Report

Unemployment Rate: 3.7 percent

Jobs Created: 224,000

Employment and Unemployment

  1. The Department of Labor reported the unemployment rate ticked up 0.1 percentage point to 3.7 percent in June.

  2. Nonfarm jobs grew by 224,000 in June. Economists surveyed by the Wall Street Journal had expected 165,000 jobs.

  3. Combined job growth for April and May was lower than originally reported. Labor revised the job creation numbers down for April and May by a combined 11,000 jobs.  

  4. The U-6 unemployment rate, a measure that also includes part-time and discouraged workers, rose 0.1 percentage point to 7.2 percent.

Labor Force Participation

  1. The labor force participation rate, the share of people employed or looking for work, edged up 0.1 percentage point to 62.9 percent.

Wages

  1. In June, average hourly earnings for all employees in private nonfarm jobs increased by 6 cents to $27.90. They are up 3.1 percent from a year ago.

Issue Tag: Labor