BLS: US Added 147,000 Jobs in June; Jobless Rate at 4.1%


   
Dawn Gallagher
DTN Energy Reporter

   OAKHURST, N.J. (DTN) -- The Bureau of Labor Statistics this morning reported 
147,000 jobs were created in June, beating expectations of 110,000 new jobs, 
while the national unemployment rate was little changed at 4.1%. The 
unemployment rate has remained in a narrow range of 4.0% to 4.2% since May 2024.

   BLS reports job gains occurred in state government and health care, while 
the federal government continued to lose jobs.

   The data show the labor force participation rate unchanged at 62.3% in June, 
while the number of long-term unemployed--those jobless for 27 weeks or 
more--increased by 190,000 to 1.6 million, largely offsetting a decrease the 
prior month. The long-term unemployed accounted for 23.3% of all unemployed 
people.

   Government employment rose by 73,000 in June, with employment in state 
government up 47,000, largely in education, which registered an increase of 
40,000, BLS reports. Employment in local government education continued to 
trend up, with an increase of 23,000. Job losses continued in the federal 
government, down 7,000 in June and down 69,000 since reaching a record peak in 
January.

   Health care added 39,000 jobs in June, with increases occurring in hospitals 
and in nursing and residential care facilities.

   Employment showed little change over the month in other major industries; 
including mining, quarrying, and oil and gas extraction; construction; 
manufacturing; wholesale trade; retail trade; transportation and warehousing; 
information; financial activities; professional and business services; leisure 
and hospitality; and other services.

   BLS also revised new job gains for April up by 11,000 to 158,000, and the 
change for May was revised up by 5,000 in September to 144,000. With these 
revisions, employment in April and May combined is 16,000 higher than 
previously reported.

    




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