BLS Releases June 2018 Employment Situation (July 2018)
Employers added 213,000 nonfarm payroll jobs in June of 2018, according to the Bureau of Labor Statistics. The unemployment rate rose to 4.0 percent.
Job gains occurred in professional and business services, manufacturing, and health care, while retail lost jobs. The number of jobs in professional and business services increased by 50,000, manufacturing jobs increased by 36,000 over the month, while health care gained 25,000 jobs. Retail lost 22,000 jobs.
Job growth in May 2018 was revised to 244,000, up from the initially estimated 223,000. Over the past three months, job growth has averaged 211,000 additions a month.
Average hourly earnings rose by five cents to $26.98. Over the year, average hourly earnings have risen 2.7 percent.
The full BLS press release on the June 2018 employment situation can be accessed in the link below:
The next employment situation report for July 2018 will be released on Friday, August 3, 2018.