The June 2018 Bureau of Labor Statistics Employment Report revealed that 213,000 jobs were created last month, while the jobless rate rose to 4.0% largely because about 600,000 people entered the labor force. Economists polled by MarketWatch believe this indicates that the labor market is very healthy. Healthcare continued to be an economic driver of job creation, adding 25,200 new jobs in June, reaching a total of 309,000 over the course of the year.
The U.S. workforce added 223,000 new jobs in May, nearly 17% higher than the 12 month average of 191,000. Healthcare was one of the largest contributors to this growth with an increase that was in line with the industry's monthly average. During this same time, the national unemployment rate fell from 3.9% to 3.8% while the healthcare unemployment rate remained unchanged.
April 2018 saw job gains in healthcare, manufacturing, mining, and professional and business services. Healthcare job growth continued to increase steadily, adding 24,400 jobs in April and more than 305,000 jobs in the last 12 months. The national unemployment rate changed for the first time in six months, falling from 4.1% to 3.9%. Healthcare unemployment saw a similar decrease from 2.6% in March to 2.3% in April.
While national job growth slowed from 326,000 in February to just over 100,000 in March, healthcare continued to climb by adding 22,400 jobs last month, an 18% increase over February. Both the national unemployment rate and the healthcare unemployment rate remained steady month-over-month.
February 2018 saw the addition of 313,000 new jobs, an increase of 56% over this time last year. The unemployment rate remained steady at 4.1% for the fifth consecutive month.
The first month of 2018 saw the addition of 200,000 new jobs, an increase of nearly 36% over December, while the unemployment rate continued to remain steady at 4.1%.
In the final month of 2017, U.S. economic job growth tempered a bit, adding 148,000 jobs in December with the unemployment rate remaining steady at 4.1%. In 2018, U.S. economic expansion is projected to be the second longest in history.
The U.S. economy continued to rebound for the second consecutive month in a row by adding 228,000 jobs in November, showing strong signs of a healthy economy that has recovered after historic back-to-back hurricanes.
The healthcare sector accounted for nearly 13% of all job creation last month, contributing 29,500 jobs to the overall employment picture. November marked the 86th consecutive month of job growth, with the unemployment rate remaining unchanged at 4.1%.
The latest Bureau of Labor Statistics Employment Report indicates that economic activity has rebounded after experiencing hurricane-related disruptions the prior month, with 261,000 new jobs added in October.
While the latest Bureau of Labor Statistics Employment Report revealed that U.S. payrolls lost 30,000 jobs in September, the healthcare sector continued to display steady growth, adding 22,500 jobs last month. The below-trend national job creation was likely impacted by Hurricanes Harvey and Irma.