The Bureau of Labor Statistics released data on June’s employment situation today.
Highlights of today’s employment situation report:
· 146,000 new payroll jobs were created in June. Payroll job gains in May were revised up to 104,000.
· Twenty-five consecutive months of job gains have added over 3.7 million new jobs to payrolls.
· Payroll employment has increased by 2.1 million over the year and over 1 million new payroll jobs have been created so far this year.
· The unemployment rate (calculated from the household survey of employment) edged down to 5.0% in June, from 5.1% in May. Last June, the unemployment rate was 5.6%.
· The unemployment rate is the lowest since September 11, 2001 and remains below the averages of each of the past 3 decades.
Today’s employment situation release can be seen [here]