The U.S. labor market boomed at a blistering pace in June, adding more than 222,000 jobs, according to Friday’s report from the Bureau of Labor Statistics.
That was even better than the 175,000 jobs expected by Wall Street economists.
The unemployment rate rose slightly, from 4.3 percent to 4.4 percent, according BLS. This was actually good news because it reflected more Americans re-entering the labor market.
+220,000 Jobs in June; Record 153,168,000 Employed
The average hourly wage rose by 2.5 percent. Wage growth has been one of the key missing ingredients through much of the recent economic expansion.
In another sign of strength for the labor market, average hours worked also grew in June. The average workweek for all employees on private nonfarm payrolls rose by 0.1 hour to 34.5 hours in June. In manufacturing, the workweek edged up by 0.1 hour to 40.8 hours. The average workweek for production andnonsupervisory employees on private nonfarm payrolls rose by 0.1 hour to 33.7 hours.
The BLS also said that April and May added 47,000 more jobs than previously announced. Over the past three months, job gains have averaged 194,000 a month, far outpacing the rate most economists expected.
The health care sector added 37,000 jobs in June, defying expectations that concerns over the future Republican plans to replace and repeal Obamacare would slow job growth in this area. Mining has bounced back from its pre-election low, adding 7,000 jobs for the month for a total of 56,000 new jobs since October.
Also, in 2017 so far, the United States has created 1,000 more government jobs than manufacturing jobs, according to the BLS data.
From May to June, the seasonally adjusted total for employment in government rose from 22,318,000 to 22,353,000—an increase of 35,000.
At the same time, the seasonally adjusted total for employment in manufacturing rose from 12,395,000 to 12,396,000—an increase of 1,000.
Since December 2016, government jobs have gone from 22,299,000 to 22,353,000–an increase of 54,000.
Since December, manufacturing jobs have gone from 12,343,000 to 12,396,000–an increase of 53,000.
Government jobs outnumbered manufacturing jobs by 9,957,000 during June in the United States, according to the BLS.
The BLS noted in its release on the June employment data that health care had added 37,000 jobs during the month, social assistance employment had added 23,000, financial activities had added 17,000, mining had added 8,000, professional and business services had added 35,000 and food services and drinking places had added 29,000.
“Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and government, showed little change over the month.
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