US Employment falls by 125,000 in June, first decline in six months

By CountingPips.com

The US government nonfarm payrolls report released today fell for the first time in six months and showed that US jobs declined by 125,000 workers in June, according to data from the Department of Labor. The June report was worse than expected as market forecasters were looking for 110,000 jobs lost for the month following May’s job data which was revised to show a gain of 433,000 jobs. Most of the jobs gained in May were temporary census worker jobs and private payrolls only added 33,000 workers.

Contributing to the decrease in jobs for June was a decline in the temporary census worker positions by 225,000 jobs while private employers added 83,000 workers to their payrolls.

Overall, the goods producing sector decreased by 8,000 jobs in June as construction jobs decreased by 22,000 and manufacturing jobs added just 9,000 workers.

The service sector added 91,000 jobs with leisure and hospitality positions increasing by 37,000 and professional and business services adding 46,000 workers.

The unemployment rate fell in June to 9.5% from 9.7% in May as the total number of workers looking for work decreased.

Read the full government employment report here.

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