Friday, July 8, 2022

US Jobs Report June 2022


By BLS 7/8/22 

https://www.bls.gov/news.release/empsit.nr0.htm


The monthly jobs report shows jobs added in 2021 and 2022 by month

372000 in June 2022

390000 in May 2022

428000 in April 2022

431000 in March 2022

678000 in February 2022

467000 in January 2022

199000 in December 2021

210000 in November 2021

531000 in October 2021

194000 in September 2021

235000 in August 2021

943000 in July 2021

850000 in June 2021

559,000 in May 2021

278,000 in April 2021 

785,000 in March 2021

379,000 in February 2021

49,000 in January 2021

7,317,000 total 

The US jobs deficit for January 2021 was 9.5 million minus 7.317 million jobs added = 2.283 million deficit.

Total nonfarm payroll employment increased by 372,000 in June 2022 and the unemployment rate remained at 3.6%. The number of unemployed persons moved from 6.0 million to 5.9 million..

Professional and business services jobs increased by 12,000 in June. Jobs are up by 880,000 since February 2020.

Financial jobs remained flat in June. Employment in financial activities is 71,000 jobs above its February 2020 level.

Health care jobs increased by 57,000 in June but is down by 176,000 since February 2020.

Construction jobs remained flat in June. Employment in construction is 40,000 higher than in February 2020.

Mining jobs increased by 5000 in June. Mining employment is 86,000 higher than in January 2019.

Transportation and warehousing jobs increased by 36,000 jobs in June. Jobs are up by 759,000 jobs since February 2020.

Manufacturing jobs increased by 29000 in June. Manufacturing employment is at its February 2020 level.

The other services repair jobs did not increase in June. Employment in other services remains 317,000 lower than in February 2020.

Wholesale jobs increased by 16000 in June.  Employment in wholesale trade is 18,000 lower than in February 2020.

Retail jobs remained flat in June.  Retail jobs are up by 159,000 since February 2020.

Leisure and hospitality jobs increased by 67,000 in June.  Jobs are down by 1.3 million since February 2020.

Public Education jobs did not increase in June and is down by 308,000 since February 2020.

Information added 25,000 jobs in June. Employment in information is up by 105,000 since February 2020.

Personal Care jobs increased in June. Social Assistance care jobs are 87,000 below February 2020 levels

https://www.bls.gov/news.release/empsit.nr0.htm

In February 2020 the US Jobs Deficit was 9.5 million.  US Unemployment by industry has deficits since February 2020.

Industry      June   Sept   Oct    Dec   Feb    Apr  May   Jun

Hospitality  2.2M  1.6M  1.4M  0.6M 1.5M 1.4M 1.3M 1.3M

Prof & Bus 632K  385K  215K 35K+596k+738k+821k+880k

Mfg            481K  353K  270K  219K178k   56k  17k     0k

Construct   238K  201K  150K  88K   11k   +8k +40k   40k

Mining       110K   93K    87K    81K   62k  +73k+80k +86k

Healthcare 508K  524K  460K  450K 306k  250k 223k 176k

Public Sch 582K  504K  575K  575K 306k  306k 308k 308k

Pvt Schls   255K  172K  148K  148K 148k  148k 115k  115k

SocialAsst 236K  204K  204K  204K 152k  126k  126k  87k

Media/Info 193K  108K  122K  122K 122k  122k 122k+105k

Tran Whse 94K+75K+149K+218K+584k +674k+709k+759k

Wholesale 192K  159K  158K  129K  113k 1 57k 41k  18k

Other Svc  297K  189K  169K   169K  317k 317k  317k 317k

Retail         303K  202K  140K  176K  104k  284k+159k 159k

Totals        6.3M   4.6M   4.9M  4.3M  3.8M  2.9M 2.6M 2.3M

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.bls.gov/news.release/empsit.nr0.htm

The Employment Situation-August 2021 (bls.gov)

Comments

The US Jobs deficit was 9.5 million in January 2021. This is the shortfall between jobs held in February 2020.

Over 3 million illegal immigrants entered the US since January 2021. I expect they will take government welfare in addition to food service, landscaping, construction and drug cartel jobs. Afghan refugees could exceed 100,000.

The US Labor Force Participation Rate 2021-2022

%     2021- 2022

62.2 June

62.3 May

62.2 April

62.4 March

62.3 February

62.2 January 2022

61.9 December

61.8 November

61.6 October

61.6 September 

61.7 August 

61.7 July

61.6 June

61.6 May

61.7 April

61.5 March

61.4 February

61.4 January 2021

https://tradingeconomics.com/united-states/labor-force-participation-rate

Norb Leahy, Dunwoody GA Tea Party Leader

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