To receive daily emails from Breaking Christian News to your inbox CLICK HERE


SHARE THIS ARTICLE Printer friendly version of this page

June Unemployment Rate Highest Since Nov. 2021, Past Job Gains Revised Downward

Craig Bannister-Blog : Jul 10, 2024  CNS News Blog

June's seasonally-adjusted 4.1% unemployment rate wasn't just up from May's 4.0% level, it was also the highest monthly unemployment rate since November of 2021 (4.1%).

[MRCTV.org] June's unemployment rate rose to the highest monthly level in 31 months, hitting 4.1%, the US Bureau of Labor Statistics (BLS) reported Friday. (Image: Pexels)

June's seasonally-adjusted 4.1% unemployment rate wasn't just up from May's 4.0% level, it was also the highest monthly unemployment rate since November of 2021 (4.1%).

Meanwhile, BLS revised downward the number of jobs created in April and May by a combined 110,000.

As a result, the previously-reported job growth in May was lowered by 54,000, down from a robust 272,000 to 218,000. Despite the downward revision for May, June's job growth of 206,000 still slowed from the previous month.

The number of unemployed people rose to 6,8 million, up from 6.6 million in May. Both the unemployment rate and number of unemployed in June are higher than a year earlier, when the jobless rate was 3.6% and the number of unemployed people was 6.0 million.

Job gains occurred in government, health care, social assistance, and construction:

  • Government employment rose by 70,000 in June, higher than the average monthly gain of 49,000 over the prior 12 months.
  • Health care added 49,000 jobs in June, lower than the average monthly gain of 64,000 over the prior 12 months.
  • Employment in social assistance increased by 34,000 in June. Over the prior 12 months, social assistance had added an average of 22,000 jobs per month.
  • Construction added 27,000 jobs in June, higher than the average monthly gain of 20,000 over the prior 12 months.

Notable declines occurred in retail trade employment, which fell 9,000 in June and employment in professional and business services, which declined 17,000 from May. Subscribe for free to Breaking Christian News here







SHARE THIS ARTICLE Printer friendly version of this page

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Other Recent Articles from Breaking Christian News

WATCH – ICE Agents Pass Out Water to Grateful Travelers: 'They're Here Doing a Job'

No, Texans and Floridians Do NOT Pay Twice the Taxes Paid by Californians

The Tide Is Turning on Transgender Ideology, but Democrats Haven't Caught Up

'Monster' Abortionist Dies in Prison

GOP Congresswoman Introduces Bill to Stop Abortion Pill from Polluting Water Supply

Panic Move Fails—Court Slaps Down Dem AG Bid to Block Recount of Seized Ballots Amid 45,000 Vote Discrepancy

Consent Decree Marks Final Defeat of 'Orwellian' Biden 'Censorship Regime'

Hostage Freed: American Dennis Coyle Lands in Texas after over a Year in Taliban Captivity

Iran's Islamic Regime Rejects Trump Ceasefire Plan, Dismisses Diplomatic Efforts

Baptisms in the Ocean: Signs of Revival in Cancun

From Abortion to Redemption: Stories of Life Took Center Stage at California's March for Life

'These Monuments Matter': White House Installs Revived Christopher Columbus Statue Leftists Destroyed in 2020-PHOTOS

Drones, Data, and the Soldiers Rewriting Warfare: Inside the Army's New Approach

What People (and MSM) Need to Understand about Iran, and What President Trump Undoubtedly Knows

Two Air Canada Pilots Identified; Their Actions Likely Saved the Lives of Their Passengers

Poll: 83% Of Voters Think Ballots 'Should Be Received by Election Day'

Democrats Predicted ICE Would Terrorize Airports. Here's What Actually Happened

Freed Korean Pastor after Controversial Arrest, Credits God's Grace, Prayer and US Intervention

Pro-Family Tech Coalition Launches to Protect Kids from AI Threats

Poll: Most Americans Back Limits on School Activism



Search the Articles Archives

Keyword:  
Author:  
Words Posted On:  
Day Month Year



Subscribe to
Breaking Christian News


Follow BCN on Twitter
Are You Praying for Our Government Leaders?
BCN Staff

Steve Shultz
Steve Shultz, Managing Editor
Founder and Owner


Aimee Herd
Aimee Herd, Editor


BCN Plus
Are You Praying for President Trump?
 
 

All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.


Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved


Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.

editor@breakingchristiannews.com