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June jobs report reveals gain of 288000 jobs

Total nonfarm payroll employment increased by a robust 288,000 jobs in June 2014, according to ‘THE EMPLOYMENT SITUATION — JUNE 2014’ released today by the U.S. Bureau of Labor Statistics.

The June 2014 jobs report also revealed that the unemployment rate declined to 6.1 percent while the number of unemployed persons decreased to 9.5 million

Over the year, the unemployment rate and the number of unemployed persons declined by 1.4 percentage points and 2.3 million respectively. Over the past three months, job growth had averaged 272,000 jobs per month.

In addition, the jobs report for April 2014 was revised from 282,000 jobs added to 304,000 jobs added while the jobs report for May 2014 was revised from 217,000 jobs added to 224,000 jobs added. With these revisions, employment gains in April and May were 29,000 higher than previously reported.

The June 2014 jobs report found employment growth was widespread and led by gains in professional and business services, retail trade, food services and drinking places, and health care.

Professional and business services employment rose by 67,000 jobs in June 2014 and has averaged 53,000 per month over the prior 12 months.

Retail trade employment increased by 40,000 jobs in June 2014. Over the prior 12 months, employment in this industry has grown by an average of 26,000 jobs per month.

Food services and drinking places employment rose by 33,000 jobs in June 2014 and has increased by 314,000 jobs over the past year.

Health care employment increased by 21,000 jobs in June 2014, about in line with the prior 12-month average gain of 18,000 jobs per month.

Transportation and warehousing employment increased by 17,000 jobs in June 2014. Over the prior 12 months, this industry has added an average of 11,000 jobs per month.

Financial activities employment added 17,000 jobs in June 2014, and has added an average of 5,000 jobs per month over the prior 12 months.

Manufacturing employment added 16,000 jobs in June 2014, with all of the increase in durable goods

Wholesale trade employment added 15,000 jobs over the month and has added 140,000 jobs over the year.

Employment changed little over the month in other major industries including mining and logging, construction, information, and government.

The jobs report for July 2014 is scheduled to be released on Friday, August 1, 2014.

The most recent employment situation report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.