The Bureau of Labor Statistics (BLS) reports that U.S. employers expanded payrolls by 147,000 jobs last month. That figure exceeds economists’ projections of between 110,000 and 140,000 jobs.
The June jobs report also notes that the U.S. economy saw 16,000 more jobs added than previously reported for April and May combined.
Government and healthcare sectors among the top contributors to June’s job growth
Government employers led the way in payroll expansion last month, adding 73,000 positions. The private education and health services industry added 51,000 jobs. The following industries also saw job gains in June, according to the BLS:
Leisure and hospitality: 20,000 jobs added
Construction: 15,000 jobs added
Transportation and warehousing: 7,500 jobs added
Financial activities: 3,000 jobs added
Information: 3,000 jobs added
Retail trade: 2,400 jobs added
Industries that reported job losses last month include manufacturing (-7,000 jobs), professional and business services (-7,000 jobs) and wholesale trade (-6,600 jobs).
Unemployment rate dips to 4.1%
The national unemployment rate in June was 4.1%, down slightly from 4.2% in May.
The unemployment rate for college-degreed workers who are 25 or older—the professionals most highly sought-after by many employers—also decreased last month.