US Oil, Gas Industry Adds More Jobs in June

US Oil, Gas Industry Adds More Jobs in June

US Oil, Gas Industry Adds More Jobs in June

Republicans promised a more robust job-creation trend, but they also have not put much of their economic plan into place yet, either. And the nation's unemployment rate remained relatively steady at 4.4 percent, down about 0.4 percent from what it was in January.

Average hourly earnings across the economy rose 4 cents in June to $26.25.

Wages once again grew only marginally in June, rising 2.5% from a year ago and little changed from prior months.

The June employment report takes a big load off his mind, and he can now spend more time worrying about North Korea, the G20 meeting, potential terrorist threats in the United States, the investigation into Russian meddling in the election, his fight with the media ... and on ... and on. Consistently slow wage growth is threatening to distract attention from the overall positive results, analysts say.

Employment increased in health care, social assistance, financial activities, and mining, according to the report.

Under the Trump administration, employment has increased by an average of 173,000 jobs a month compared to 187,000 in the final year of the Obama White House.

Last month, manufacturing payrolls rose by just 1,000 after factories cut 2,000 jobs in May. Instead, almost six months into Trump's presidency, the US economy is ... fine.

Construction added another 16,000 jobs last month.

It's good to see even this small increase in the labor force participation rate.
The U.S. added 207,000 jobs in April, an upward revision of 33,000.

The US economy is estimated to need to produce between 75,000 and 100,000 new jobs a month to keep up with working-age population growth.

Also encouraging: job gains for April and May were revised up by 47,000.

Job gains were likely broad in June. Last year, it happened five times.

They report the economy added 222,000 jobs, which represents a significant increase over expert predictions of 158,000 jobs.

President Bill Clinton's five-month totals were 948,000 jobs added in his first term (in 1993) and 1.4 million in his second term (in 1997).

The U-3 unemployment rate went up a tenth of a point to 4.4% from May, but that appears to be mainly a rounding artifact and a reflection of labor-force expansion.

The average workweek for employees on private, nonfarm payrolls edged up a tenth of an hour to 34.5 hours. There are signs the recovery is spreading to hard-to-reach corners of the job market: The unemployment rate dropped sharply in June for teenagers, African-Americans and Hispanics, and there is anecdotal evidence that companies are becoming more willing to hire people with criminal records. The rate hit a modern-day low of 62.4 percent in September 2015.

The labor force participation rate in June was 62.8 percent, about the same as last month.

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