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Home Publications Blogs CEPR Blog Data Flash: Strong Job Growth Continues in June

Data Flash: Strong Job Growth Continues in June

Written by Dean Baker   
Thursday, 03 July 2014 07:39

The economy added 288,000 jobs in June, making it the fifth consecutive month in which the economy added over 200,000 jobs. This is the longest stretch of 200,000 plus job growth since before the recession. The job gains were broadly based. Retail was the biggest gainer, adding 40,200 jobs, with professional and technical services adding 30,100 jobs. Manufacturing added 17,000 jobs for the second month in a row.

The news was also positive in the household survey with the unemployment rate falling to 6.1 percent, a new low for the recovery. This was due to people entering the labor force and finding jobs; the employment-to-population ratio rose to 59.0 percent. This is a new high for the recovery, but still 4.0 percentage points below its pre-recession level. Another piece of positive news is that the percentage of people who are unemployed because they voluntarily quit their jobs rose to 9.0 percent, the highest since the collapse of Lehman. This is a sign of growing confidence in the labor market.

Comments (3)Add Comment
Yes, but . . .
written by jhaskell, July 03, 2014 8:06
Wages, and hours remain flat, part-time work spiked from last month (could just be volatility in the data and over the year it is flat), and temp work is trending up.
Strong Job Growth?
written by Tyler, July 03, 2014 12:41
There was a DECLINE in FULL-TIME employment of 523,000!
You folks have a problem with people choosing part-time work?
written by Dean, July 03, 2014 4:11
In my world, it's great when people decide they want to work part-time. There has been a big rise in voluntary part-time employment over the last year. Involuntary was up for the month, but is down by more than 600k over the last year. Where I learned my economics, this is all good news.

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