According to new statistics released by the Bureau of Labor Statistics on Friday, 224,000 new jobs were added to the U.S. economy in June.
This well-surpassed the month’s prediction for 160,000 jobs and was a welcome, if not reassuring, increase from May's smaller gain of 75,000 jobs.
In a news release, Bureau of Labor Statistics reports that “total nonfarm payroll employment” has averaged 172,000 per month thus far this year. While this is down from the monthly average of 223,000 in 2018 and the unemployment rate was "little changed" at 3.7 percent in June, BLS says there were “notable job gains” in professional and business services, in health care, and in transportation and warehousing.
June also showed an increase in average hourly earnings for employees:
In June, average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.90, following a 9-cent gain in May. Over the past 12 months, average hourly earnings have increased by 3.1 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $23.43 in June.