June's Job Report: Rate Rises to 4.9%

Jul 08, 2016
June’s job report saw an increase of 287,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Job gains occurred in leisure and hospitality, health care and social assistance, and financial activities. 

Over the past three months, job gains have averaged 147,000 per month.  

June’s unemployment rate rose to 4.9%, up from 4.7% in May. The civilian labor force participation rate changed slightly to 62.7%, from 62.6% in May. 

The report found that in June, average hourly earnings for employees on private, nonfarm payrolls rose by 2 cents to $25.61. Over the year, average hourly earnings have risen by 2.6%.