Equitable Growth’s Jobs Day Graphs: June 2022 Report Edition

On July 8, the U.S. Bureau of Labor Statistics released new data on the U.S. labor market during the month of June. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data.

Total nonfarm employment rose by 372,000 in June, and the employment rate for prime-age workers decreased slightly to 79.8 percent.

Share of 25- to 54-year-olds who are employed, 2007–2022. Recessions are shaded.

The unemployment rate stayed at 3.6 percent again in June, and remains higher for Black workers (5.8 percent) and Latino workers (4.3 percent) compared to White workers (3.3 percent) and Asian American workers (3.0 percent).

U.S. unemployment rate by race, 2019–2022. Recessions are shaded.

The rate of growth for average hourly earnings slowed in June to 5.1 percent over the previous year, down from 5.3 percent in May.

Percent change in U.S. wages from previous year, as measured by two surveys. Recessions are shaded.

Employment in construction, manufacturing, retail, and educational services is now back to or surpassing pre-pandemic levels, but employment in leisure and hospitality has yet to fully recover.

Employment by selected major U.S. industries, indexed to industry employment in February 2020 at the beginning of the coronavirus recession (shaded).

The number of unemployed workers remained steady in June. The share who are unemployed due to job loss fell to 30.7 percent, and 13.9 percent are on temporary layoff; 14.0 percent left their jobs, 33.6 percent are re-entering the labor force, and 7.8 percent are new entrants.

Percent of all unemployed workers in the United States by reason for unemployment, 2019–2022
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