June’s larger-than-expected jobs report combined with April and May’s upward revision suggests the economy may not be slowing down, as some previously thought.
Atlanta, GA (PRWEB) July 12, 2017
Total nonfarm payroll employment reached 222,000 jobs in June according to preliminary numbers reported by the U.S. Bureau of Labor Statistics released on Friday, July 7, 2017.
“Total nonfarm payroll employment exceeded expectations for the month,” said Jay Rollins, owner of JobsWeb.com, a leading job website. “June’s larger-than-expected jobs report combined with April and May’s upward revision suggests the economy may not be slowing down, as some previously thought.”
Payroll employment was revised from 174,000 to 207,000 in April, and 138,000 to 152,000 in May. With these revisions, employment gains in both months were 47,000 more than previously reported.
Unemployment for the month of June reached 4.4 percent, while the number of unemployed persons reached 7 million. “Unemployment for the month increased slightly as a result of more people returning to the workforce after dropping out,” said Rollins. Since the beginning of the year, unemployment has declined by 0.4 percentage point, while the number of unemployed persons has decreased by 658,000.
Employment growth for the month primarily occurred in healthcare (+37,000), professional and business services (+35,000), social assistance (+23,000), financial activities (+17,000), and mining (+8,000). Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and government, showed little to no change over the month.
JobsWeb.com is the leading employment website for professionals in every industry, including advertising, construction, government and real estate. JobsWeb.com is updated daily with thousands of job listings. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post job listings opportunities and browse a resume bank for applicants. Thousands of new jobs are listed each month by geographic location and specialty, including accounting jobs, marketing jobs, creative design, engineering, human resources, manufacturing and project management.