• Total non-farm payroll employment rose 224 thousand in June, following an increase of 72 thousand in the previous month, according to the U.S. Bureau of Labor Statistics. Private-sector payrolls increased by 191 thousand in May, while government employment increased by 33 thousand.
  • The unemployment rate edged up to 3.7% in June, from 3.6% in May.  The unemployment rate was 4.0% in June 2018.
  • The labor force participation rate edged up by 0.1 percentage point to 62.9% in June.
  • The average workweek for all employees on private nonfarm payrolls held steady at 34.4 hours in June.
  • In June, average hourly earnings of all employees on private nonfarm payrolls increased by 6 cents to $27.90. Over the past 12 months, average hourly earnings were up 3.1%.
  • The advance figure for initial claims for unemployment insurance decreased 8 thousand to 221 thousand in the week ending June 29. The 4-week moving average was 222.25 thousand, an increase of 0.5 thousand from the previous week’s average.
  • Unemployment rates were lower in May than a year earlier in 254 of the 389 metropolitan areas, higher in 94 areas, and unchanged in 41 areas, according to the U.S. Bureau of Labor Statistics. Nonfarm payroll employment increased over the year in 46 metropolitan areas, decreased in 2 areas, and was essentially unchanged in 341 areas.
  • In May, international trade deficit in goods and services was $55.5 billion, up $4.3 billion from April. May exports were $210.6 billion, $4.2 billion more than April exports. May imports were $266.2 billion, $8.5 billion more than April imports.
  • New orders for manufactured goods in May decreased 0.7%, following a 1.2% April decrease according to the U.S. Census Bureau.  Shipments increased 0.1%, following a 0.6% decrease in the previous month. The inventories‐to‐shipments ratio was 1.38, up from 1.37 in April.

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