Unemployment falls to 6.1 percent in June

The U.S. unemployment rate dropped to 6.1 percent June from 6.3 percent in May as U.S. employers added 288,000 jobs, according to The Washington Post. Economists were expecting to add 215,000 jobs.

The three-month average rate of hiring during the second quarter is 272,000 compared with 190,000 per month during the first quarter. The 6.1 percent unemployment rate is the lowest since September 2008.

April and May employment gains were revised upward by 29,000; May was revised upward by 7,000, to 224,000, and April was revised upward by 22,000, to 304,000.

In June, the professional and business services sector added 67,000 jobs; retail sector added 40,000 jobs; food services and drinking places sector added 33,000 jobs; health care sector added 21,000 jobs; transportation and warehousing added 17,000 jobs; financial activities sector added 17,000 jobs; and manufacturing sector added 16,000 jobs.

The construction and government sectors basically were unchanged.

There currently are 9.5 million unemployed people in the U.S.

Date : 7/8/2014


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