Still Winning: 224,000 Jobs Added in June!

Posted by Olivia Grady on Friday, July 5th, 2019 at 1:07 pm - Permalink

Following a wonderful Independence Day celebration, news that this is the longest economic expansion on record, and a record-breaking stock market close on Wednesday, President Donald Trump and his administration shared more good news for all Americans.

Today, the Bureau of Labor Statistics released its Employment Situation Summary for June 2019.

Once again, it was a strong jobs report.

Total nonfarm payroll employment increased by 224,000 in June, beating market expectations of 162,000 jobs. Job gains mostly occurred in professional and business services, in health care, and in transportation and warehousing. A record 157,005,000 people are employed, and an astounding 5.6 million jobs have been created since President Donald Trump took office in January 2017.

Further, unemployment changed little at 3.7 percent, making this the 16th straight month of unemployment at or below 4 percent. This unemployment rate is also the lowest unemployment rate in 50 years.

The unemployment rates for the major worker groups were little changed as well. Adult men and women both have a 3.3 percent unemployment rate. Teenagers have a 12.7 percent unemployment rate. Whites have a 3.3 percent rate as well, while Blacks have a 6 percent rate. The Asian unemployment rate is 2.1 percent, and for Hispanics, it’s 4.3 percent. This month set the lowest unemployment rate for Asian Americans since the current series began.

In addition, average hourly earnings for all employees on private nonfarm payrolls increased by 6 cents to $27.90. Over the past year, average hourly earnings have increased by 3.1 percent.  This marked the 11th straight month that year-over-year wage gains were at or above 3 percent.

Secretary of Labor Alex Acosta noted these strong numbers in a press release earlier today. He also said, “We continue to look for increasing investment into America’s workforce through the Pledge to America’s Workers, USMCA, and apprenticeship expansion.”

These strong jobs numbers are the result of the Trump Administration’s policies of low taxes and deregulation.

Congratulations to President Donald Trump, the Trump Administration, Department of Labor Secretary Alex Acosta, and the Labor Department for another strong jobs report!