Market Updates
Nonfarm Payroll and Wage Growth Slowed in June, Labor Force Participation Rate Holds Steady
Brian Turner
05 Jul, 2024
Washington, D.C.
The U.S. economy expanded payrolls at a slower pace in June than the previous month, the latest update from the U.S. Bureau of Labor Statistics showed Friday.
Nonfarm payrolls increased by 206,000 in June, slower than 218,000 in May, and the jobless rate increased to 4.1% in the month, the highest since November 2021.
Despite the steady expansion of payrolls over the last three years, the labor force participation rate held at 62.6% and the employment-population rate remained at 60.1%.
Both measures have remained steady over the year, indicating a churn in the employment base but little improvement in expanding the overall employment base.
The number of people not in the labor force who currently want a job declined by 483,000 to 5.2 million in June.
These individuals were not counted as unemployed because they were not actively looking for a job during the 4 weeks preceding the survey.
The average hourly earnings for all employees increased 10 cents, or 0.3%, from the previous month of 3.9% a year ago to $35.0.
The April nonfarm payroll increase was revised down to 108,000 from 167,000, and the change for May was revised to 212,000 from 272,000.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|