With improvement in all the headline indicators, today’s report on the US employment situation was
one of the strongest of the recovery.
The unemployment rate fell 6.1 percent, a new low for the recovery.
Payroll jobs rose by 288,000 in June. The broad unemployment rate and
long-term unemployment also fell to new lows. At the same time, though,
the number of people working part-time rose sharply. How should we
understand the increase in part-time work even as the job market
First, a look at the numbers
monthly survey of business establishments showed gains in payroll jobs
throughout the economy. The main goods-producing sectors--mining,
construction, and manufacturing—all added jobs. In the service sector,
retail trade and healthcare showed the largest gains. Government
employment, which has been on a downward trend throughout most of the
recovery, added 26,000 jobs, with local government, especially
education, accounting for most of them. >>>Read more
Follow this link to view or download a slideshow with complete charts and commentary on the latest employment situation