Daily News: July 7, 2014

Economy Adds 288K Jobs in June; Unemployment Drops to 6.1%

Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported. Job gains were widespread, led by employment growth in professional and business services, retail trade, food services and drinking places, and healthcare.

Over the past three months, job growth has averaged 272,000 per month.

Employment in professional and business services rose by 67,000 in June and had averaged 53,000 per month over the prior 12 months. In June, employment within the industry increased in management and technical consulting services (+8,000), architectural and engineering services (+7,000), and computer systems design and related services (+7,000).

Manufacturing added 16,000 jobs in June, with all of the increase in durable goods manufacturing. Within durable goods, employment increased in motor vehicles and parts (+6,000) and in computer and peripheral equipment (+3,000).

Wholesale trade added 15,000 jobs over the month and has added 140,000 jobs over the year.

Employment changed little over the month in other major industries, including mining and logging, construction, information and government.