(Undated) — The June jobs report came in just slightly better than expected.
The Labor Department’s report out Friday shows the economy added 206-thousand new jobs last month. That’s better than the roughly 200-thousand projected, but down from the previous month. That number initially came in at 272-thousand, but was significantly revised to 218-thousand for May.
Last month’s unemployment rate ticked up from four-percent to four-point-one percent, making it the highest since late 2021.
According to the data; total nonfarm payroll employment increased by 206,000 in June, Government employment rose by 70,000, Health care added 49,000 jobs, Employment in social assistance increased by 34,000, Construction added 27,000 jobs, retail trade employment changed little in June after trending up earlier in the year. Furniture, home furnishings, electronics, and appliance retailers lost 6,000 jobs over the month, while warehouse clubs, supercenters, and other general merchandise retailers gained 5,000 jobs. Employment in professional and business services changed little in June and has shown little change over the year. Temporary help services employment declined by 49,000 over the month and is down by 515,000 since reaching a peak in March 2022. Employment in professional, scientific, and technical services continued to trend up in June. Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; transportation and warehousing; information; financial activities; leisure and hospitality; and other services.
