Today the June employment numbers were released showing a much weaker than expected increase of 121,000 jobs and the unemployment rate remaining at 4.6%. The 121,000 jobs is a smaller number than the ADP National Employment Report which reported private-sector employers created an estimated 368,000 jobs in June.
Winners:
Government +31,000
Professional/Business +25,000
Health Care +19,000
Manufacturers +15,000
Mining +6,000
Losers:
Retailers -7,000
Construction -4,000
Average hourly earnings were up .5% from the estimated .3%. Wages are up 3.9% over the previous 12 months.
National job gains:
December ’05, 145,000
January ’06, 154,000 (revised) 170,000 (first reported)
February ’06, 200,000 (revised again) 225,000 (revised) 243,000 (first reported) 210,000 (consensus number)
March ’06, 175,000 (revised again) 200,000 (revised) 211,000 (first reported) 190,000 (consensus number)
April ’06, 126,000 (revised) 138,000 (first reported) 200,000 (consensus number)
May ’06, 92,000 (revised) 75,000 (first reported) 175,000 (consensus number)
June ’06, 121,000 (first reported) 185,000 (consensus number)
National unemployment rates:
December ’05, 4.9%
January ’06, 4.7%
February ’06, 4.8%
March ’06, 4.7%
April ’06, 4.7%
May ’07, 4.6%
June ’07, 4.6%
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