--- title: June Employment Report description: The June Employment Report shows continued growth in job creation and a reminder that the labor market remains competitive for top talent. image: https://talentrust.com/hubfs/Imported_Blog_Media/results-image-1.jpg --- What’s your people puzzle? 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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 June](https://talentrust.com/hs-fs/hubfs/New%20Payrolls%20June.png?width=552&height=311&name=New%20Payrolls%20June.png)In 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 June2](https://talentrust.com/hs-fs/hubfs/Unemployment%20Rate%20June2.png?width=477&height=305&name=Unemployment%20Rate%20June2.png)The 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 June](https://talentrust.com/hs-fs/hubfs/Hourly%20Earnings%20June.png?width=469&height=259&name=Hourly%20Earnings%20June.png)The 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%.   [ Download the Full Report ](https://talentrust.com/hubfs/April%20Jobs%20Report.pdf)   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.](https://talentrust.com/contact)   [View all resources](https://talentrust.com/resources) Share this article ## Similar Articles ##### Blog ### September Employment Report [Learn More](https://talentrust.com/blog/september-employment-report) ##### Blog ### Great Hires/ Bad Hires: How to tell the difference before you make the offer! 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