Key Takeaways:

  • Job listings increased in June, greatly surpassing the estimated outcomes.
  • The labor market remains strong.
  • Education and healthcare are leading in job creation.

The recent June Jobs report has confirmed that the predicted “cooling” labor market is actually hot this summer with 370,000 jobs added, surpassing the estimated 250,000. Although these numbers still remain high, there were 20,000 less jobs available from May to June.

According to the U.S. Labor Department’s job report for June 2022, employers added 370,000 jobs and the unemployment rate is still holding steady at 3.6%. 

Average hourly earnings are up 5.1% compared to June 2021, and the education and healthcare industry is now leading in hiring rates as the new school year approaches, and healthcare continues to remain in demand. 

Stay tuned for more valuable data insights and predictions for Greenwich HR. Interested to know how your company can gain valuable key insights of the labor market? Learn more about our compensation and labor insights today and stay tuned for the July pre-job report.