US – The Employment Situation in June as seen by The White House

KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF LABOR STATISTICS

1. The private sector has added 9.7 million jobs over 52 straight months of job growth. Today we learned that total nonfarm payroll employment rose by 288,000 in June, mainly reflecting a 262,000 increase in private employment, which is above the 203,000 per month average over the past year. April and May were revised up slightly, so that over the past twelve months, private employment has risen by a total of more than 2.4 million. In addition, the 1.4 million total nonfarm jobs added in the first half of this year are the most in any first half since 1999. Furthermore, this is the first time since September 1999-January 2000 we have seen total job growth above 200,000 for five straight months.

2. Private employment has increased in 52 consecutive months, the longest streak on record. The current 52-month streak has now surpassed the previous record of 51 consecutive months from February 1996 to April 2000, making it the longest streak in data going back to 1939. The steadiness of job gains is a sign of the progress that has been made in the recovery, but the President continues to believe that more can and should be done to further build on this progress.

Chosen excerpts by Job Market Monitor. Read the whole story at The Employment Situation in June | The White House.

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