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Employment figures by industry signal positive trends in June 2014

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The July 7news release from the U. S. Bureau of Labor Statistics reports total nonfarm payroll employment rose by 288,000 jobs in June indicating a national average of 272,000 per month. Industries leading these gains since June 2013 include professional and business services with an additional 67,000 jobs from 59,000 in June 2013, retail trade increased to 40,200 jobs from 38,700. Education and health services show an increase to 38,000 jobs from 15,000 in June 2013 including ambulatory health care services showing a prominent gain of 13,000 jobs.

The financial sector signaled a gain by 17,000 jobs in June including an increase of 9,000 in insurance carriers and related activities. Employment in real estate, rental and leasing continued to increase in June by 9000 jobs. The financial sector is now averaging at 5,000 jobs per month over the past 12 months.

Manufacturing added a total of 16,000 jobs in durable goods manufacturing causing an increase in employment in motor vehicles and parts and in computer and peripheral equipment.

Wholesale trade added 15,000 jobs over the month resulting in 140,000 jobs over the year.

Employment shows minimal change in other industry sectors including mining and logging, construction, information and government.

The unemployment rates declined in June for worker groups such as adult women at 5.3 percent and blacks showing at 10.7 percent. However, the unemployment rates for teenagers (16 and over) increased to 21.0 percent. The rates for adult men is currently at 5.7 percent, whites at 5.3 percent and the Hispanic group at 7.8 percent showed little change. The jobless rate for Asians is 5.1 percent (not seasonally adjusted) showing little change from the past year.

The long-term unemployed declined by 293,000 in June to 3.1 million accounting for 32.8 percent of the total. The overall numbers for those long-term unemployed decreased by 1.2 million for the past 12 months.

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