For another month, employers across the United States added a strong number of jobs, while numbers from April and May were adjusted highly upward. Such continued growth is additional proof that the national economy is steadily improving, a great sign for Americans looking for jobs.
About 195,000 jobs were added in June according to the Associated Press, with hiring jumping with retailers, hotels, restaurants, construction and financial services. In the face of an uncertain economy full of tax increases, spending cuts and continued overseas employment woes, the job market is doing an excellent job of bouncing back.
Additionally, numbers previously reported in April and May were adjusted upward, adding 70,000 more jobs than expected to the report. The 50,000 and 20,000 new jobs in the respective months show continued faith is more likely than ever.
"The numbers that we're seeing are more sustainable than we thought," economist Paul Edelstein for forecasting firm IHS Global Insight told the news source. "We're seeing better job numbers, the stock market is increasing and home prices are rising."
Rises in many industries
Many segments of industry experienced healthy growth, though concern about gains primarily being focused in lower-paying industries has some economists worried. Hotels, restaurants and entertainment added 75,000 jobs in June, while retailers added 37,000 and jobs found through temporary hiring agencies rose by 10,000.
The health care industry was able to add 20,000 jobs, while construction added 13,000. Manufacturing and government jobs fell by 6,000 and 7,000, respectively, the latter likely affected by recent federal budget cuts.
Unemployment held steady in the month of June at 7.6 percent - despite the growth in hiring, another 177,000 people who previously left the workforce entirely began looking for jobs again. While many found work, there were not enough to lessen the unemployment rate.
Contract, temporary work sees further growth
About 12 percent of all employees in today's job market are temporary or contract workers, the Associated Press reports, as employers remain somewhat uncertain about the economy and look to make their payrolls more flexible.
Experts told the news source that increased flexibility in the workplace is a major factor in the rise of contract staffing, as companies want to avoid having too many employees during down periods of their growth. Temporary workers are expected to make up 18 percent of the average workforce of a company with more than 1,000 employees in 2013.