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June Employment Report

On Thursday July 6th, the U.S. Labor Department released their June Employment Report. This month shows continued increases in job creation, although less than forecasted.

With low unemployment and over 3 million more jobs than job seekers, recruitment and retention remain top of mind for business owners this summer.

Key Insights:

New Payrolls JuneIn June, there were 209,000 new job creations, falling short of the forecasted 230,000. However, it is important to note that job creation still remains historically strong compared to pre-pandemic averages of 190,000. This is the lowest we have seen since December of 2020. There was a significant drop in job creation in the Trade, Transport, & Utilities sector compared to May's report. Additionally, the private sector also missed forecasts by approximately 51,000 payrolls.


Unemployment Rate June2The unemployment rates experienced a slight decline of 0.1%, aligning with predictions. Meanwhile, the workforce participation rates remained stable at 62.6%, which is currently the highest rate since the pandemic but slightly lower than the pre-Covid rates of 63.3%.

Hourly Earnings JuneThe increase in wages exceeded expectations at 0.4%, surpassing forecasts by 0.3%. It is worth noting that one year ago, earnings were also rising more than expected, but at a significantly higher rate of 4.4%.



The June Employment report serves as a reminder that retaining and recruiting top talent in this market remains a challenge. Ready to take your recruitment strategy to the next level? Contact us today.


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