Employment by Industry: Service, Manufacturing, Add Jobs in June

The US labor market added 372,000 jobs in June, an unexpected boost in hiring. It was ahead of most expectations and only slightly down from May’s revised 384,000 additional payrolls. The result kept the unemployment rate unchanged month on month (MoM) at the pandemic-era low of 3.6%, the Bureau of Labor Statistics reported.

Payroll gains were better than economists had forecast, a signal that the labor market remains robust despite recession fears.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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