National jobs report

June surprises with a strong labor market

Most experts were expecting to find a slowdown in June’s jobs report. Instead, the labor market well surpassed the 110,000 jobs they predicted.

In addition to the 147,000 jobs added to the labor market, the unemployment rate dropped down to 4.1%, which is its lowest since February.

Additional findings

• Hourly earnings increased 0.2% last month and 3.7% over the year before
• Labor force participation rate fell to 62.3%, the lowest it’s been since late 2022
• Government employment rose by 73,000 jobs, thanks to state and local hiring (especially in education)
• Healthcare also showed strength, adding 39,000 jobs last month
• April and May job gains were revised upward by a combined 16,000 jobs

Find clarity in the data

When facing a hard-to-predict labor market, having the right tools is critical. At Adecco, we rely heavily on the latest research and technology to develop stronger and more adaptable staffing solutions.

One of the most important parts of any strategy? Pay rates.

A few weeks ago, our analytics experts got together on LinkedIn to talk about worker wages and salary trends. They covered real-world examples and actionable strategies for today’s employers.

Watch it now, or contact us today to discuss your staffing challenges.