After sluggish May, job growth rebounds in June
WASHINGTON — The U.S. economy bounced back from a slower than expected month of job growth in May, as American businesses added 224,000 jobs in June, with the nation’s unemployment rate ticking slightly to 3.7 percent, still at historically low levels.
It was the 105th consec- utive month of job growth, a historic to 7.2 percent in June, but still streak that remains well below where stretches it was just a few years ago. b a c k to For the first six months of October this year, job growth is averof 2010, age over 172,000, which is when t he down from a year ago. U.S. econJanuary-June 2019: 172,167 omy finally average/month started January-June 2018: 235,167 to emerge from the Great January-June 2017: 181,667 Recession. January-June 2016: 177,333
The U6 rate — considJanuary-June 2015: 221,167 ered the broadest measure January-June 2014: of unemployment — ticked up 244,500 In June, the number of peo p le holding down a part-time job because they could not find full-time work shrank by just 8,000.
The Labor Force ParticipationRate ticked up to 62.9 percent, staying right around 63 percent — where it has been for the last few years.
Americans reportingthat they were working multiple jobs went up 301,000 in June, rising to 5.2 percent of the work force, the highest point since March of 2017. Statehouse bureau reporter. Follow her on Twitter at @lbischoff. Like her Laura Bischoff DDN Facebook page. Send news tips to laura. bischoff@coxinc.com.
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