The Jobs Report – June 2021

What you need to know:

  1. The June jobs report showed a solid gain of 850k, reversing the trend of softer reports in April and May.
  2. The two-month revision was a positive 15K.
  3. As in past reports the job gains were largely in Leisure & Hospitality, 343K, as the economy continues to reopen.
  4. Other sectors showed strength, notably Retail Trade, which added 67K jobs, and Professional & Business Services, which added 72K jobs.
  5. Workers’ compensation grew at a healthy 3.6% year over year.
  6. The unemployment rate increased slightly from 5.8% to 5.9% as the underemployment rate fell from 10.2% to 9.8%.
  7. This report shows that the economy continues to recover at a solid sustainable pace.  We anticipate that this trend will continue for the second half of the year.

Below is a link to the full statistical summary provided by the Bureau of Labor Statistics:*

http://www.bls.gov/news.release/empsit.b.htm


*The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.