The overall unemployment rate rose by two tenths of a percent in June, to 4.0 percent, as reported by the US Department of Labor. It was 4.3 percent a year ago in June 2017.
In June, the civilian labor force participation rate rose by two tenths of a percent, to 62.9 percent. The participation rate has remained fairly steady since October of 2013.
The employment-population ratio remained unchanged in June, at 60.4 percent.
The unemployment rate for individuals with at least a bachelor’s degree rose by three tenths of a percent to 2.3 percent in June. It was also 2.3 percent in June 2017.
Total nonfarm payroll employment rose by 213,000 in June. The payroll employment numbers for both April and May 2018 were adjusted. Total employment gains for those months are now 37,000 more than previously reported. Considering these revisions, payroll employment gains have averaged 211,000 over the last three months.
Some details directly from the BLS report:
Total nonfarm payroll employment increased by 213,000 in June and has grown by 2.4 million over the last 12 months. Over the month, job gains occurred in professional and business services, manufacturing, and health care, while employment in retail trade declined.
Employment in professional and business services increased by 50,000 in June and has risen by 521,000 over the year.
Manufacturing added 36,000 jobs in June. Durable goods manufacturing accounted for nearly all of the increase, including job gains in fabricated metal products (+7,000), computer and electronic products (+5,000), and primary metals (+3,000). Motor vehicles and parts also added jobs over the month (+12,000), after declining by 8,000 in May. Over the past year, manufacturing has added 285,000 jobs.
Employment in health care rose by 25,000 in June and has increased by 309,000 over the year. Hospitals added 11,000 jobs over the month, and employment in ambulatory health care services continued to trend up (+14,000).
Construction employment continued to trend up in June (+13,000) and has increased by 282,000 over the year.
Mining employment continued on an upward trend in June (+5,000). The industry has added 95,000 jobs since a recent low point in October 2016, almost entirely in support activities for mining.
In June, retail trade lost 22,000 jobs, largely offsetting a gain in May (+25,000).
Employment showed little or no change over the month in other major industries, including wholesale trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government.
The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5 hours in June. In manufacturing, the workweek edged up by 0.1 hour to 40.9 hours, and overtime edged up by 0.1 hour to 3.5 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls remained at 33.8 hours.
In June, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.98. Over the year, average hourly earnings have increased by 72 cents, or 2.7 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $22.62 in June.