Employment and Unemployment

June 2016

Total nonfarm payroll increased by 287,000. In June, the unemployment rate rose to 4.9%. Employment increased in leisure and hospitality, health care and social assistance, and financial activities. Employment also increased in information, mostly reflecting the return of workers from a strike.

The unemployment rate is a broad, though somewhat crude measure of how workers are faring in the economy. It does not count discouraged workers, nor does it measure under-employment (for example, workers who want a full-time job but can only find part-time work). Making these adjustments would bring the measured unemployment rate up to 10.8%. But even an adjusted unemployment rate says nothing about the quality of jobs in the economy. This last point is particularly important to keep in mind, given the growth of non-standard (temporary and/or contingent) jobs in the U.S. economy.

 

This Month

Last Month

Change

Number Employed
151.097 million
151.030 million
0.07 million
Number Unemployed
7.783 million 7.436 million 0.35 million
Unemployment Rate
4.9% 4.7%

0.200


Overall Unemployment Rate                                        
4.9%
Whites
4.4%
African-Americans
8.6%
Latinos
5.8%
Asians
3.5%
Women
4.5%
Men
  4.5% 
Teenagers
16.0%


Multiple Jobholders                             
7.059 million(or 4.6% of those employed)

 

Source: U.S. Department of Labor, Bureau of Labor Statistics, The Employment Situation.

 

Updated 7/28/2016 by IAM&AW Strategic Resources Department