Top five industries that led to June job growth
‘Thru the Cycle’ President John Lonski weighs in on June’s job report, saying the U.S. has added a ‘healthy’ amount on ‘Mornings with Maria.’, beating Wall Street expectations but below the 390,000 jobs added in the prior month. The unemployment rate held steady at 3.6% in June, the lowest level since February 2020.
The private sector has recouped all the jobs lost during the COVID-19 pandemic and has surpassed its February 2020 level by 140,000.Professional and business services Employment in professional and business services continued to grow in June, with an increase of 74,000 jobs. Within the industry, job growth occurred in management of companies and enterprises , computer systems design and related services , office administrative services , and scientific research and development services . EMPLOYERS ADD 372K JOBS IN JUNE AS HIRING REMAINS STEADYFollowing closely behind is the leisure and hospitality sector, which added 67,000 jobs in June, including 41,000 jobs inHowever, employment in the leisure and hospitality sector overall is down by 1.3 million, or 7.
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