HelpWanted.com

372,000 Jobs added in June: Labor Dept.

372,000 Jobs added in June: Labor Dept.
While inflation has been eating into wages and interest rates, the US economy powered through June with broad-based hiring on par with recent months keeping the country clear from the recession territory. According to the Labor Department, employers added 372,000  jobs in the month of June and the unemployment rate was at 3.6% which has been unchanged since May and near a 50-year low. 

The job growth in June exceeded the forecasts by economists by roughly 100,000. This offers some reassurance that a sharper downturn isn’t underway. The report also shows bigger wage gains than expected, which could give the Federal Reserve some leeway to beat back inflation. 

Over the last three months, employment growth averaged at a solid 375,000 which is still a drop from the monthly pace of 539,000 in the first quarter of this year. In recent months, employers have been trying to hang on to workers. Initial unemployment claims have only risen slightly from their low point in March. Meanwhile, the private sector has regained its prepandemic employment level. Other than the public sector, no other broad industries lost jobs in June, on a seasonally adjusted basis. 

Source: The Washington Post 
Tags In
Apple India

Previous days news

Jul 8 Jul 6 Jul 1 Jun 29 Jun 27

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Welfare Schemes Job Inequality Aviation In India Labour Participation Rate COVID-19 GDP HQ Southern Command Jobs Job Switch Lateral Hires Tech Mahindra Central Government Level Retailjobs Jobs In ECIL Tesla Hiring MSME Bank Privatisation Jobs In Kashmir ESW Bankers Engineering Payment Issue Entrepreneurship Male Candidates Tamil Nadu Government Industrial Workers Junior Level Hiring Railway Hiring Capgemini Jobs In Manufacturing Gaming Industry India Kolkata Jobs Part Time Work Employability Skills EPFO Job Fair For Differently-abled Python Jobs Labor Market Facebook Data Economic Slowdown Job Postings Increase In Workers Tejas Fighters Campus Placement Training Retail Jobs Unlawful Jobs Latest India Jobs Automation Jobs Real Estate Jobs Employment Recovery Rate
Articles

What Are the Costs to Consider While Planning A Recruitment Budget?

If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...Read more

I-9 Compliance for Remote Employees - A Guide for Companies

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more

Did You Lose Your Job During COVID-19? Here’s What to Do

First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...Read more

COVID-19 - 6 Challenges Staffing Firms Are Likely to Face

Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...Read more