Written By Thomas Ahearn
Total nonfarm employment in the United States increased by 288,000 jobs in June 2014 while the unemployment rate declined to 6.1 percent and the number of unemployed persons decreased to 9.5 million, according to ‘THE EMPLOYMENT SITUATION — JUNE 2014’ jobs report released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The most recent jobs report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.
Over the year, the June 2014 jobs report revealed the unemployment rate and the number of unemployed persons declined by 1.4 percentage points and 2.3 million respectively. Over the past three months, job growth had averaged 272,000 jobs per month.
The jobs report for June 2014 found employment growth was widespread and led by gains in professional and business services, retail trade, food services and drinking places, and health care. Among specific industries, the jobs report found:
- Professional and business services employment in rose by 67,000 jobs in June 2014 and has averaged 53,000 per month over the prior 12 months.
- Retail trade employment increased by 40,000 jobs in June 2014. Over the prior 12 months, employment in this industry has grown by an average of 26,000 jobs per month.
- Food services and drinking places employment rose by 33,000 jobs in June 2014 and has increased by 314,000 jobs over the past year.
- Health care employment increased by 21,000 jobs in June 2014, about in line with the prior 12-month average gain of 18,000 jobs per month.
- Transportation and warehousing employment increased by 17,000 jobs in June 2014. Over the prior 12 months, this industry has added an average of 11,000 jobs per month.
- Financial activities employment added 17,000 jobs in June 2014, and has added an average of 5,000 jobs per month over the prior 12 months.
- Manufacturing employment added 16,000 jobs in June 2014, with all of the increase in durable goods
- Wholesale trade employment added 15,000 jobs over the month and has added 140,000 jobs over the year.
Employment changed little over the month in other major industries including mining and logging, construction, information, and government.
The jobs report for April 2014 was revised from 282,000 jobs added to 304,000 jobs added while the jobs report for May 2014 was revised from 217,000 jobs added to 224,000 jobs added. With these revisions, employment gains in April and May were 29,000 higher than previously reported.
The jobs report for July 2014 is scheduled to be released on Friday, August 1, 2014.
Jobs Report Updates from Employment Screening Resources® (ESR)
For more jobs report blogs by ESR News, visit http://www.esrcheck.com/wordpress/tag/jobs-report/.