Economic Indicators Jobs and unemployment

Every month, the Bureau of Labor Statistics releases a report on the employment situation for the previous month. Their release includes data on job growth, unemployment, and wage growth, which gives us a snapshot of the health of the economy and whether it’s working for ordinary Americans.

Key numbers • June

5.9% National unemployment rate
850,000 Net jobs in June
77.2% Share of prime working-age population with a job
6.8 million Number of jobs lost since February 2020

June

Jobs report: June jobs report shows strong growth and the promise of recovery: Initial comments from EPI economists

EPI economists offer their initial insights on the June jobs report below. They see strong growth in employment, especially in leisure and hospitality—the numbers do not signal a big labor shortage. The economy appears to be on its way to a full recovery by the end of 2022.

From economist and director of EPI’s Program on Race, Ethnicity, and the Economy (@ValerieRWilson)

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From senior economist, Elise Gould (@eliselgould):

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From senior economist and director of policy, Heidi Shierholz (@hshierholz)

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Charting jobs and unemployment