Economy Adds Jobs, Unemployment Rate Flat

By Staff Writer July 11, 2022 172

Total nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6%, the U.S. Bureau of Labor Statistics reported July 7.

Notable job gains occurred in professional and business services, leisure and hospitality, and health care.

The unemployment rate was 3.6 percent for the fourth month in a row, and the number of unemployed persons was essentially unchanged at 5.9 million in June. These measures are little different from their values in February 2020 (3.5 percent and 5.7 million, respectively), prior to the coronavirus (COVID-19) pandemic.

“Today, the Bureau of Labor Statistics reported that the American economy added 372,000 jobs in the month of June, and the unemployment rate remained at 3.6% for the fourth consecutive month,” said U.S. Secretary of Labor Marty Walsh.

 “Since President Biden took office America has added over nine million jobs, and the private sector economy has now more than fully recovered from its pandemic-era job losses – a major milestone that reflects both the success of the administration’s economic policies and the profound resilience of America’s businesses and workers.”

The household survey measures labor force status, including unemployment, by demographic characteristics.

The establishment survey measures nonfarm employment, hours, and earnings by industry.

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Last modified on Monday, 11 July 2022 01:08