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June's Employment Situation

On July 6, the Bureau of Labor Statistics (BLS) reported that total nonfarm payrolls increased by 213,000 in June. The largest sector gains occurred in professional and business services (+50,000), manufacturing (+36,000), and healthcare (+25,000). The unemployment rate rose to 4.0 percent, from 3.8 percent in May. The BLS also revised April's total nonfarm payroll up from +159,000 to +175,000 and total nonfarm payrolls in May up from +223,000 to +244,000. Read the full report here.