Civic Register
| 7.2.21
Economy Adds 850K Jobs in June to Exceed Expectations, Unemployment Rate Edges Up
How do you feel about the state of the job market?
What’s the story?
- The Bureau of Labor Statistics (BLS) on Friday released its jobs report for June 2021, which found the U.S. economy added 850,000 jobs and the unemployment increased by 0.1 percentage point to 5.9%. The BLS said that the gains occurred as “pandemic-related restrictions continued to ease in some parts of the country.”
- The June jobs numbers exceeded the Dow Jones forecast of 706,000 jobs, while the unemployment rate was higher than economists’ forecasted 5.6% unemployment rate.
Jobs Report Sector Breakdown
- Leisure and hospitality employed increased by 343,000 in June, with over half the gain occurring in food and drinking establishments (+194,000). Employment is 2.2 million jobs below its pre-pandemic level in February 2020.
- Education saw job gains in local government education (+155,000), state government education (+75,000), and private education (+39,000). Pandemic-related changes to school staffing levels and the normal seasonal buildup and layoff patterns likely contributed to job gains in June. All three categories of education employment are down relative to February 2020, including local government education (-414,000), state government education (-168,000), and private education (-255,000).
- Professional and business services added 72,000 jobs in June but are down by 633,000 jobs compared to February 2020. Most of the last month’s gains occurred in temporary help services (+33,000), advertising and related services (+8,000).
- Retail added 67,000 jobs in June, with most of it occurring in clothing stores (+28,000) and general merchandise stores (+25,000), while notable job losses occurred in food and beverage stores (-13,000) and health and personal care stores (-7,000). The sector as a whole is down by 303,000 jobs relative to February 2020.
Long-Term Unemployment
- The number of Americans considered to be long-term unemployed (defined as jobless for 27 weeks or more) increased by 233,000 to a total of 4 million in June. Long-term unemployed accounted for 42.1% of all unemployed in June.
- That follows a decline in the number of long-term unemployed by 431,000 in May, and the number of long-term unemployed is 2.9 million higher than the pre-pandemic level from February 2020.
Demographic Unemployment Information
- Unemployment rates showed little to no change in June for adult men (5.9% from 5.9% in May), adult women (5.5% from 5.4% in May), and teenagers (9.9% from 9.6% in May).
- Unemployment rates edged up slightly in June among Whites (5.2% from 5.1% in May), Blacks (9.2% from 9.1% in May), Hispanics (7.4% from 7.3% in May), and Asians (5.8% from 5.5% in May).
Revisions & Data Notes
- Employment in April was revised down by 9,000 from +278,000 to +269,000.
- Employment in May was revised up by 24,000 from +559,000 to +583,000.
- As it has since March 2020, the BLS published an estimate of what the unemployment rate would have been had misclassified workers been included. The misclassification hinges on a question about the main reason people were absent from their jobs, with people absent due to temporary, pandemic-related closures recorded as absent due to “other reasons” as opposed to unemployed due to temporary layoff.
- Using this approach, the June unemployment rate would have been 0.2 percentage points higher than reported. The BLS notes that this represents the upper bound of their estimate of misclassification and probably overstates the size of the misclassification error.
- According to usual practice at the BLS, data is accepted as recorded in the household survey. To maintain data integrity, no ad hoc actions are taken to reclassify survey responses.
— Eric Revell
(Photo Credit: iStock.com / gooneybird)
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People are not returning to work as they should. There are Help Wanted signs all over our town. I would think the unemployment checks should get rid of the extra pay given because of the pandemic if it hasn't already been done.
Now if Congress would get some work done. Bipartisanship? Hell No!! Meanwhile Texas’s Three Stooges keep Fascist Herr Trump’s legacy alive. They worship at the altar of the Yellow man-god. Shameless.
It is recovering but we still need more people to take advantage of vaccinations .
B.S. toil jobs that don't pay enough to live on and leave worker without any protections are not ''good jobs''.We need living wages at the bare minimum.
People are being paid to not work. I suppose it works out for the people who aren't unreasonably terrified since they can work their way up the ladder by simply being available, but it seems like we should be getting back to normal now.
The job market is improving, It's going in the right way.
STOP spinning the GOP-Q wanna be Truth
The economy is improving. Education is needed to train more skilled workers to qualify for many of these jobs. Speeding up the process to allow refugees in to our country would be of value as they would be able to fill many positions the current unemployed do not want!
CAUSES ASKS: "How do you feel about the state of the job market?" ME: There's still a ways to go.
UNLESS THEY ALL ARE FULL TIME AND PAY MORE THAN $15 @ HOUR ---JUST MORE SLAVE WAGES!!!!
things are coming back to normal; in KS, the unemployment is BELOW prepandemic. of course, there has been no email from Ks congressman (R) Estes praising this, like he did last month when numbers came in lower than expected for the month of May; what a fucking hypocrite. they ( politicians ) are all like that, they will gladly take the praise of accomplishments, but they will the always point the finger when things don't go right. they cannot admit that the other party can possibly do anything right for this country; they all need to be FIRED!!
Keep the green, better paying jobs coming! Retrain people to grow with and protect the world. Stop raping the land. Protect it! Plenty of job creation there!!!
It's encouraging to see more jobs being created. It is still discouraging to see the number of 'help wanted' signs. But workers have woken up to the fact that they have choices in life and quality of life is becoming more highly prized. They are no longer willing to work under crappy conditions for crappy wages. Businesses need to wake up and start creating a work atmosphere more amenable to a quality of life.
The Biden Recovery is underway. Problem is, so many old norms are broken that it will take a while for the new ones to settle in. It will feel chaotic, but balance lies ahead for those whose vision extends beyond the tips of their noses. Have faith and patience, my fellow citizens; visualize success, work toward it, and we'll get there.
End the give aways......people need to get off the dole an go back to work
Give out some jobs that pay a living wage. If you want to excite people to work I think that is the way to go. Tax the rich!!!
just replacing Trump's jobs after Covid. Biden will keep destroying the economy ad jobs
Where I live, there are "For Hire" signs everywhere. No one wants to go back to work. The odd thing is in spite of Rethugs claiming that illegals take jobs away from Americans, there are no Hispanics applying for any of these jobs in my area.
Tell me why the unemployment rate is so high when I see "hiring" signs everywhere I go. Something is failing in our government policy. Why do we pay unemployment to people who could be working?
You want the unemployment rates to go down? Help the working mothers get there. They desperately need help with childcare and trying to climb out of the hole they're in. Affordable housing is also a vast problem. I never expected the economy to rebound instantaneously, this will be a slow climb. Those who just sold one property for millions will never be able to see the problems of ordinary people. No fault of their own, just an illustration of the difference between the haves and have nots.