The latest From the BLS Employment Report:
The Labor Department released the June jobs report hiring and unemployment figures on Friday morning. This is the latest official snapshot of the state of the American economy.
Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent. June was the 81st consecutive month of job gains.
The unemployment rate is hovering just above its lowest level since 2001. Shortly after the Great Recession ended in 2009, unemployment peaked at 10%.
This month, employment increased in health care, social assistance, financial activities, and mining.
Economists had expected employment gains of 175,000. Actual gains of 220,000 exceeded the expectations.
This Month’s Jobs Report
Let’s break down the numbers from this month’s jobs report
In June, hourly wages increased by $0.04 to $26.25 per hour, following a 3 cent increase in May. This brings the year-over-year wage percentage increase to 2.5 percent. The unemployment rate saw a slight uptick to 4.4 percent.
- $26.25 June
- 0.04 month-over-month
- 2.5% year-over-year
- $26.21 May
In-Depth Look: Accounting and Finance Jobs
Let’s take a look at how the Accounting and Finance industry is performing.
Finance and insurance
- Month-over-month change: 7,100
- 111,000 jobs added year-over-year
Accounting and bookkeeping services
- Month-over-month change: -300
- 19,300 jobs added year-over-year
- Month-over-month change: 17,000
- 169,000 jobs added year-over-year