As job growth soars, these sectors are seeing the biggest gains

Unemployment Claims Up, Slightly, In US

Unemployment Claims Up, Slightly, In US

The industry has added 277,000 jobs over the year.

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. Unfortunately, that doesn't line up with the qualifications of many job seekers, and employers wonder why they're having such a hard time getting candidates in for interviews and retaining new hires. There was much less job growth in retail, manufacturing and construction. It's good news. It's not earth-shatteringly great news.

Summary: Bureau of Labor data indicates an added 2,000 jobs for June in the legal sector despite a number of lay-offs at large law firms. Another is that unemployment ticked up, too, and the jobs that are available aren't getting filled for reasons puzzling economists.

The June unemployment rate increased a tenth of a point to 4.4 percent, which is near historic lows.

The current labour force participation rate in the U.S. is 62.8 per cent, well down on its pre-2008 level, when it was as high as 66 per cent.

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The average workweek rose by 0.1 hour to 34.5 hours in June.

A gradual slowdown: The government revised up its estimates of job growth in April and May by a combined 47,000 jobs. June's results provide evidence of moderate gains against joblessness, as do the upward revisions applied to April. To keep pace with population growth, the USA economy needs to create 75,000 to 100,000 jobs per month.

That cycle of limited wage gains and low prices has kept inflation in check. Of those, 160,145,000 participated in the labor force by either holding a job or actively seeking one.

Friday's report from the Labor Department also says the unemployment rate edged up slightly to 4.4 percent.

There were 245,000 more Americans who gained employment over the month and more individuals joined the labor force as well. There is growing anecdotal evidence of companies struggling to find qualified workers.

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The report also showed that industrial production slipped 0.1% in May, compared to expectations for a 0.4% rise. "This is what you want to see". "It's important for people to get off the sidelines and into the workforce".

The gap between the black and white unemployment rates in the United States shrunk to a record low in June.

House Ways and Means Committee Chairman Kevin BradyKevin BradyEconomy adds 222K jobs in June, beating expectations Conservatives revolt over talk of keeping ObamaCare tax Oil companies lobby against new Russian Federation sanctions MORE (R-Texas) said that the jobs report showed "positive gains" but that Congress still has "a lot more work to do to make it easier for all Americans to earn higher wages, find good-paying jobs, and get ahead". That's when we're really rolling.

On June 1, Trump said that since Election Day the economy "is starting to come back, and very, very rapidly".

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