From the Bureau of Labor Statistics:
Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by employment growth in professional and business services, retail trade, food services and drinking places, and health care.
The labor force participation rate, which will likely keep creeping downward for the next few years because of the aging of the population, has been at 63.1 percent for the last three months. Has it found a point of stasis as improving economic conditions put upward pressure on it and demographic trends put downward pressure?
We need something in the range of 120,000 jobs to be added each month to keep pace with inflation, so the June report is clearly a solid one.
A couple of graphs:
And from Calculated Risk, who notes that 2014 is likely to be the best year fro job growth since 1999:
