Unemployment remains unchanged at 3.7%

Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent, the U.S. Bureau of Labor Statistics reported on Friday. Notable job gains occurred in professional and business services, in health care, and in transportation and warehousing.

In June, average hourly earnings for all employees on private payrolls rose by 6 cents to $27.90, following a 9-cent gain in May. Over the past 12 months, average hourly earnings have increased by 3.1 percent.

Importantly, the U.S. economy is seeing a stabilization in the number of people who are not in the labor force who want a job (see chart below).

 

South Central Pennsylvania continues to see low unemployment rates compared to the rest of the county and the commonwealth. All eight of our counties are at or under 4% unemployment – in many counties, the number of job openings outnumbers the official count of unemployed individuals.