US Non-Farm Payrolls Beat Expectations in June


United States added 288,000 jobs in June, up from 224,000 in the previous month. Over the past 3 months, job growth has averaged 272,000 per month. Employment growth was widespread, led by gains in professional and business services, retail trade, food services and drinking places, and health care.

Professional and business services employment rose by 67,000 in June and had averaged 53,000 per month over the prior 12 months. In June, employment within the industry increased in management and technical consulting services (+8,000), architectural and engineering services (+7,000), and computer systems design and related services (+7,000). Employment continued to trend up in temporary help services.

Retail trade employment increased by 40,000 in June. Over the prior 12 months, employment in this industry had grown by an average of 26,000 per month. Employment in food services and drinking places rose by 33,000 in June and has increased by 314,000 over the past year.

Health care employment increased by 21,000 in June, about in line with the prior 12-month average gain of 18,000 per month. Within health care, employment continued to trend up in ambulatory health care services (+13,000) and in nursing and residential care facilities (+6,000).

The change in total nonfarm payroll employment for April was revised from +282,000 to +304,000, and the change for May was revised from +217,000 to +224,000. With these revisions, employment gains in April and May were 29,000 higher than previously reported.

US Non-Farm Payrolls Beat Expectations in June


BLS | Nuno Fontes | nuno@tradingeconomics.com
7/3/2014 1:41:19 PM