The U.S. economy added 223,000 jobs in June, exceeding the 12-month average but below the monthly goal of 250,000. The unemployment rate decreased to 5.3%, its lowest point since 2008. Revisions from prior months reduced previous job counts by 60,000. Private sector jobs increased most in professional services, leisure/hospitality, and education/health. By industry, professional/business services and education/health saw the largest gains while mining/logging and manufacturing declined slightly.
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Adecco USA Job Market Update -- July 2015 Report
1.
Job Market Update
U.S. Economic Data
Reflective of the Bureau of Labor Statistics
The Employment Situation June 2015
As of July 2015
2.
Overview of The Employment Situation
The June report showed an overall
monthly gain of 223,000 jobs exceeding
the average monthly numbers of the past
year
The unemployment rate decreased by
0.2% to 5.3%
Revisions to prior months:
- The April number was revised from +221,000 to
+187,000
- The May number was revised from +280,000 to
+254,000
- Thats a total of 60,000 fewer jobs than was
previously reported
2
3.
223,000 new jobs added in June
286
249
213
250
221
423
329
201
266
119
187
254
223
14-JUN JUL AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY 15-JUN
InThousands
3
* Numbers are seasonally adjusted. Source: BLS
4.
Employment in June
Total nonfarm payroll employment
increased by 223,000 jobs in June, which is
below the 12-month average of 250,000
- Unemployment dropped to 5.3%, the
lowest since April 2008
- The number of long-term unemployed
persons dropped 381,000 to 2.1 million
in June. These individuals accounted for
25.8% of all unemployed persons
- Over the year, the number of long-term
unemployed has declined by 955,000
Discouraged workers in June was 653,000
virtually unchanged from the year before
4
JOBS GAINED IN JUNE
UNEMPLOYMENT RATE
223,000
5.3%
5.
Junes private job creation statistics
United States private sector jobs
increased during June, generating over
222,000 jobs
- Highest increase in employment seen
within professional and business
services, leisure and hospitality, and
education and health services
5
Source: BLS
8.
Employment in total nonfarm
-3.0
0
4
-0.2
32.9
17.1
7
20
64
50
22
19.8
10
0
-10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0
Mining and logging
Construc on
Manufacturing
Wholesale trade
Retail trade
Transporta on and warehousing
Informa on
Financial ac vi es
Professional and Business services
Educa on and health services
Leisure and hospitality
Temporary help services
Other services
Government
Over-the-monthchange, June2015
8
* Numbers are seasonally adjusted in thousands.
Source: BLS, Current Employment Statistics Survey, May 2015
9.
State & Regional Unemployment May 2015
State and Regional unemployment rates were little changed in May
25 states reported an increase in unemployment from the prior month, while only 9
reported decreases
Over the year, 45 states have reported decreases, and only 5 have reported
increases
In May, the Midwest had the lowest regional unemployment rate at 5.1%, and the West
had the highest unemployment rate at 5.8%
Nebraska reported the lowest unemployment rate, at 2.6%, while West Virginia showed
the highest monthly rate of 7.2%
3 states North Carolina, Oklahoma and South Dakota reported significant over-
the-month unemployment increases
Indiana, Connecticut and Washington reported significant declines in unemployment for
the month of May
9
Metropolitan employment data from previous month. Source: BLS
10.
Mid-Atlantic Region May 2015
10
State and regional employment data from previous month. Source: BLS
11.
Midwest Region May 2015
11
State and regional employment data from previous month. Source: BLS
12.
Mountain-Plains Region May 2015
12
State and regional employment data from previous month. Source: BLS
13.
New England Region May 2015
13
State and regional employment data from previous month. Source: BLS
14.
New York, New Jersey Region May 2015
14
State and regional employment data from previous month. Source: BLS
15.
Southeast Region May 2015
15
State and regional employment data from previous month. Source: BLS
16.
Southwest Region May 2015
16
State and regional employment data from previous month. Source: BLS
17.
West Region May 2015
17
State and regional employment data from previous month. Source: BLS