Economy gains 213,000 jobs, but the unemployment rate climbs to 4.0 %

U.S. Employment Report

The nonfarm payrolls grew 213,000 in June, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending, as the nonfarm payrolls increase in public and private sectors.
Employment outside the farm sector grew by 213,000 workers in June and the jobless rate grew to 4.0 %, from 3.8 %, on the seasonally adjusted basis, reported by the Labor Department.

Companies in the private service providing sector hired 149,000 workers and payrolls in goods-producing industries rose by 53,000, bringing overall job growth in the pivate sector to 202,000. Nonfarm payrolls were strong accross the board in the June report, improvement in the private sector, was followed by the job growth in public sector, as the government hired 11,000 people.

As the year goes on, companies have been hiring at a faster clip as Americans increase spending and consumer confidence rises, economists have seen a steady improvement in the jobs market and recruiting activity.
Current report confirms positive trends in the nonfarm payrolls. Total number of employed persons in the U.S. rose by 0.07 % to 155,58 millions, the education and health services sectors employment rose by 54,000, the retail sector has lost -21,600 jobs.

At June 2018 Total number of unemployed persons grew to 6.56 millions, an increase of 499.00 thousands or 8.23 % from May 2018, Unemployment rate increased to 4.00 %, from 3.80% in previous month. In June 213,000 nonfarm payrolls were created.

Labor force

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Average hourly earnings grew modestly in June by 0.22 % to $26.98, an increase of $0.06 from $26.92 in May on the seasonally adjusted basis, the biggest increases occurred in leisure and hospitality sectors up to $15.97, the biggest decline was in financial sector to $34.58, reported by the Labor Department.
On a year-over-year basis, earnings were up 2.78 %, This is above the % year-over-year increase in the consumer price index in June.

The number of employed persons increased to 155.58 millions by 102.00 thousands or 0.07 % in June 2018.

Total Labor force increased to 162.14 millions.
Average weekly earnings where $930.81 dollars, in June 2018

Average Weekly Hours of Production


	Details of the June report just added to evidence of a sharp deterioration in labor conditions. Unemployment soared by 8.23 % to 6.56 million, an increase of 499,000 from 6.07 in May on the seasonally adjusted basis. The number of people entered the labor force in June matched the natural growth rate of U.S. poulation, lifting the percentage of civilians who have or want a job up to 62.90 % from 62.70 %. Construction Industry fell to 39.30 hours per week, from May 2018; Manufacturing Industry rose to 40.90 hours per week, Durable goods Industry increased to 41.40 hours per week, Nondurable goods Industry fell to 40.10 hours per week. Average Weekly Hours of Production for private serviceproviding industry rose to 33.40 hours per week, from May 2018; Trade, transportation & utilities Industry grew to 34.60 hours per week, from May 2018 . Financial activities Industry Average Weekly Hours of Production moved up to 37.60 hours per week, from May 2018.

Average workweek remained unchanged in June on the seasonally adjusted basis, hours worked at the durable goods manufacturers grew at the highest pace to 41.40 hours, the biggest decline took place in construction sector down to 39.30 hours, reported by the U.S. Labor Department. With modest growth in hourly earnings and unchanged in hours worked, average weekly earnings increased in the private sector to $930.81 from $928.74 in the previous month. Information Industry Average Weekly Hours of Production fell to 35.90 hours per week, from May 2018; Professional & business services Industry remained unchanged from May 2018; Education & health services Industry remained unchanged from May 2018; Leisure & hospitality Industry advanced to 26.20 hours per week, from May 2018; Other services Industry remained unchanged from May 2018.

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Employment Situation ( in millions or %)	June 2018 prel.	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.
Unemployment rate	4 %	3.8 %	3.9 %	4.1 %	4.1 %	4.1 %
Number of unemployed persons	6.564	6.065	6.346	6.585	6.706	6.684
Number of Employed persons	155.576	155.474	155.181	155.178	155.215	154.430
Employment/population ratio	60.4 %	60.4 %	60.3 %	60.4 %	60.4 %	60.1 %
Civilian labor force	162.140	161.539	161.527	161.763	161.921	161.115
Participation rate	62.9 %	62.7 %	62.8 %	62.9 %	63 %	62.7 %
Civilian noninstitutional population	257.642	257.454	257.272	257.097	256.934	256.780
Persons who currently want a job outside CLF	5.258	5.183	5.115	5.096	5.131	5.171
EMPLOYMENT BY SELECTED INDUSTRY (Over-the-month change, in thousands)	June 2018 prel.	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.
Nonfarm Payrolls	+213.0	+223.0	+164.0	+103.0	+313.0	+200.0
Total Private Payrolls	+202.0	+218.0	+168.0	+102.0	+287.0	+196.0
Goods-producing Payrolls	+53.0	+47.0	+49.0	+15.0	+100.0	+57.0
Mining & logging	+4.0	+4.0	+8.0	+8.0	+8.0	+6.0
Construction	+13.0	+25.0	+17.0	-15.0	+61.0	+36.0
Manufacturing Payrolls	+3.5	+3.5	+3.7	+3.6	+3.6	+3.5
Durable goods	+32.0	+15.0	+18.0	+22.0	+32.0	+18.0
Motor vehicles and parts	+12.0	-4.4	-0.9	+3.3	+6.2	-0.3
Nondurable goods	+4.0	+3.0	+6.0	-	-1.0	-3.0
Private service-providing Payrolls	+149.0	+171.0	+119.0	+87.0	+187.0	+139.0
Wholesale trade	+2.9	+4.2	-9.8	+11.4	+5.8	+9.8
Retail trade	-21.6	+31.1	+1.8	-4.4	+50.3	+15.4
Transportation and warehousing	+15.4	+18.7	+0.4	+9.8	+15.4	+11.1
Information	-	+6.0	+7.0	+2.0	-12.0	-6.0
Financial activities	+8.0	+8.0	+2.0	+2.0	+28.0	+9.0
Professional and business services	+50.0	+31.0	+54.0	+33.0	+50.0	+23.0
Temporary help services	+9.3	-7.8	+10.3	-0.6	+26.5	+1.8
Education and health services	+54.0	+39.0	+31.0	+25.0	+23.0	+38.0
Health care and social assistance	+34.7	+31.7	+29.3	+33.8	+29.1	+25.8
Leisure and hospitality	+25.0	+21.0	+18.0	+5.0	+16.0	+35.0
Other services	+16.0	+13.0	+14.0	-1.0	+10.0	+6.0
Government Payrolls	+11.0	+5.0	-4.0	+1.0	+26.0	+4.0

Civilian labor force
is the sum of employed and unemployed persons.

Unemployment Rate
is the number unemployed as a percent of the labor force.

Labor force participation rate
is the labor force as a percent of the population.

Employment-population ratio
is the employed as a percent of the population.

Average weekly Salary by Industry ($)	June 2018 prel.	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.
Total private	930.81	928.74	925.98	925.29	922.88	917.18
Goods producing	1,140.08	1,139.64	1,142.04	1,132.38	1,134.36	1,121.18
Natural resources & mining	1,514.04	1,500.09	1,483.82	1,501.44	1,485.78	1,462.22
Construction	1,167.60	1,174.14	1,170.39	1,153.66	1,158.17	1,143.87
Manufacturing	1,104.30	1,097.52	1,106.00	1,098.57	1,100.03	1,089.30
Overtime hours	-	-	-	-	-	-
Durable goods	1,173.28	1,039.23	1,146.54	1,253.71	1,339.89	1,143.26
Nondurable goods	990.87	989.72	990.53	993.74	994.60	984.73
Private serviceproviding	891.78	887.11	884.12	884.12	881.45	878.80
Trade, transportation & utilities	803.76	801.78	796.70	797.64	795.57	790.02
Wholesale trade	1,194.11	1,189.81	1,176.34	1,178.97	1,185.12	1,178.19
Retail trade	579.70	579.70	575.67	576.58	572.55	563.35
Transportation & warehousing	943.71	940.41	943.71	942.35	940.60	937.59
Utilities	1,690.25	1,689.89	1,698.31	1,674.74	1,658.82	1,664.69

Information	1,421.64	1,418.40	1,416.93	1,410.43	1,418.40	1,390.16
Financial activities	1,300.21	1,303.88	1,285.92	1,297.20	1,290.81	1,278.02
Professional & business services	1,169.98	1,164.92	1,166.73	1,162.42	1,161.30	1,158.48
Education & health services	892.65	887.70	884.40	882.38	882.75	883.74
Leisure & hospitality	418.41	413.95	413.16	412.64	410.81	408.98
Other services	772.53	772.53	773.69	770.31	768.73	765.98

Average weekly hours of production by Industry	June 2018 prel.	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.
Total private	34.50	34.50	34.50	34.50	34.50	34.30
Goods producing	40.50	40.60	40.70	40.50	40.60	40.20
Natural resources & mining	46.50	46.10	45.60	46.00	45.90	45.20
Construction	39.30	39.60	39.50	39.20	39.30	39.00
Manufacturing	40.90	40.80	41.10	40.90	41.00	40.60
Overtime hours	-	-	-	-	-	-
Durable goods	41.40	36.80	40.60	44.60	47.70	40.70
Nondurable goods	40.10	40.20	40.20	40.20	40.30	39.90
Private serviceproviding	33.40	33.30	33.30	33.30	33.30	33.20
Trade, transportation & utilities	34.60	34.50	34.40	34.50	34.50	34.20
Wholesale trade	39.10	39.10	38.90	39.00	39.10	39.00
Retail trade	31.20	31.10	31.00	31.20	31.10	30.60
Transportation & warehousing	38.90	38.70	38.90	38.70	38.90	38.60
Utilities	41.90	42.10	42.10	41.90	41.90	41.90

Information	35.90	36.00	36.10	36.10	36.00	35.70
Financial activities	37.60	37.50	37.60	37.60	37.60	37.60
Professional & business services	36.20	36.20	36.20	36.10	36.20	36.00
Education & health services	33.00	33.00	33.00	32.90	33.00	33.00
Leisure & hospitality	26.20	26.10	26.10	26.10	26.10	26.00
Other services	31.70	31.70	31.80	31.70	31.70	31.60

Average hourly earnings ($)	June 2018 prel.	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.
Total private	26.98	26.92	26.84	26.82	26.75	26.74
Goods producing	28.15	28.07	28.06	27.96	27.94	27.89
Natural resources & mining	32.56	32.54	32.54	32.64	32.37	32.35
Construction	29.71	29.65	29.63	29.43	29.47	29.33
Manufacturing	27.00	26.90	26.91	26.86	26.83	26.83
Overtime hours	-	-	-	-	-	-
Durable goods	28.34	28.24	28.24	28.11	28.09	28.09
Nondurable goods	24.71	24.62	24.64	24.72	24.68	24.68
Private serviceproviding	26.70	26.64	26.55	26.55	26.47	26.47
Trade, transportation & utilities	23.23	23.24	23.16	23.12	23.06	23.10
Wholesale trade	30.54	30.43	30.24	30.23	30.31	30.21
Retail trade	18.58	18.64	18.57	18.48	18.41	18.41
Transportation & warehousing	24.26	24.30	24.26	24.35	24.18	24.29
Utilities	40.34	40.14	40.34	39.97	39.59	39.73

Information	39.60	39.40	39.25	39.07	39.40	38.94
Financial activities	34.58	34.77	34.20	34.50	34.33	33.99
Professional & business services	32.32	32.18	32.23	32.20	32.08	32.18
Education & health services	27.05	26.90	26.80	26.82	26.75	26.78
Leisure & hospitality	15.97	15.86	15.83	15.81	15.74	15.73
Other services	24.37	24.37	24.33	24.30	24.25	24.24

• Source: Department of Labor
Picture Autor: (Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954)

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