From the Bureau of Labor Statistics:
Total nonfarm payroll employment increased by 195,000 in June, and the unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in leisure and hospitality, professional and business services, retail trade, health
care, and financial activities.
And from the establishment survey:
Total nonfarm payroll employment increased by 195,000 in June, in line with the average monthly gain of 182,000 over the prior 12 months. In June, job growth occurred in leisure and hospitality, professional and business services, retail trade, health care, and financial activities.
Estimates vary, but we probably need to add about 100,000 to 120,000 jobs per month just to keep pace with population growth, so these current trends are decent if lackluster.
Part of the slow growth has been due to government cuts. The federal government has 65,000 fewer workers than a year ago.
There were also some positive upward revisions to recent months:
The change in total nonfarm payroll employment for April was revised from +149,000 to +199,000, and the change for May was revised from +175,000 to +195,000. With these revisions, employment gains in April and May combined were 70,000 higher than previously reported.
The seasonally adjusted U-6 unemployment (“Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force”) was 14.3 percent in June, that’s up from May but down about .5 percent from a year ago.
We’re still a few years away from what might be considered “full employment.”
A couple of graphs from the BLS:
