ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Economy

372,000 jobs added in June, unemployment rate at 3.6%

July 8, 2022
Reading Time: 1 min read

Total nonfarm payroll employment rose by 372,000 in June, according to the Bureau of Labor Statistics. Total unemployed persons remained essentially unchanged at 5.9 million in June, and the unemployment rate remained at 3.6%.

Most of the job gains in June were in professional and business services, leisure and hospitality, and healthcare.

Employment in professional and business services continued to grow, with an increase of 74,000 in June. Within the industry, job growth occurred in management of companies and enterprises (+12,000), computer systems design and related services (+10,000), office administrative services (+8,000), and scientific research and development services (+6,000). Employment in professional and business services is 880,000 higher than in February 2020.

Employment in leisure and hospitality added 67,000 in June, as growth continued in food services and drinking places (+41,000). However, employment in leisure and hospitality is down by 1.3 million, or 7.8% since February 2020.

 

Employment in health care rose by 57,000 in June, including gains in ambulatory health care services (+28,000), hospitals (+21,000), and nursing and residential care facilities (+8,000). Employment in health care overall is below its February 2020 level by 176,000 or 1.1%.

The civilian labor force participation rate was little changed at 62.2% and remains below its February 2020 value of 63.4%. Among the unemployed, both the permanent job losers, at 1.3 million in June, and the number of persons on temporary layoff, at 827,000, changed little over the month. These measures are little different from their February 2020 level.

Read the BLS release.

ADVERTISEMENT
Tags: Employment BLSEmployment situation
ShareTweetPin

Related Posts

Consumer Sentiment declined in April

Consumer sentiment holds steady in May

Economy
May 30, 2025

The University of Michigan Consumer Sentiment Index neither rose nor fell in May compared to the month prior, holding at 52.2, according to final results for the month.

Personal income increased in February

Personal income increased 0.8% in April

Economy
May 30, 2025

Personal income increased 0.8%, or $210.1 billion, in April, the Commerce Department said. The personal savings rate was 4.9%.

CFPB study: BNPL loans grew tenfold since 2019

ABA DataBank: Increase in late payments by buy now, pay later users

Economy
May 30, 2025

Close to one-fourth of buy now, pay later users were late making a payment in 2024, a significant increase from the previous year.

ABA faults banking regulators for confusing CRA rule rollout

FDIC releases CRA exam schedules for Q3, Q4

Compliance and Risk
May 30, 2025

The FDIC has issued the lists of institutions scheduled for Community Reinvestment Act examinations during the third and fourth quarters of 2025.

HUD to reinstate 2013 disparate impact rule

ABA urges HUD to rescind disparate-impact rule

Compliance and Risk
May 30, 2025

ABA urged HUD to rescind its 2023 disparate-impact rule and replace it with one that more closely aligns with the findings of the U.S. Supreme Court.

Executive order phases out U.S. Treasury paper checks

Public comment sought on plan to phase out U.S. Treasury paper checks

Newsbytes
May 30, 2025

The Treasury Department is taking public comment on plans to implement President Trump’s executive order directing it to no longer issue paper checks for disbursements.

NEWSBYTES

Consumer sentiment holds steady in May

May 30, 2025

Personal income increased 0.8% in April

May 30, 2025

ABA DataBank: Increase in late payments by buy now, pay later users

May 30, 2025

SPONSORED CONTENT

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025
Six Payments Trends Driving the Future of Transactions

Six Payments Trends Driving the Future of Transactions

March 15, 2025
AI for Banks: A Starter Guide for Community and Regional Institutions

AI for Banks: A Starter Guide for Community and Regional Institutions

March 1, 2025

PODCASTS

Podcast: Accelerating banking for quick-service restaurants

May 8, 2025

How a Georgia community bank supports government-guaranteed lending nationwide

May 1, 2025

Podcast: Quantum computing’s shakeup in payments, cybersecurity

April 24, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.