Economic Update & Jobs Report- June ’17

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Keeping an eye on the economy can be a daunting task. Something that helps me to understand month-over-month trends is the monthly Economic Update and Jobs Report (yes, I’ve missed a couple months. Sorry!).

I’ve attached a quick and easy-to-understand review of June’s report here: June ’17 Economic Update 

Below are some highlights as well.

June’s Economic Update:

  •  Q1 GDP: +1.15%                                                                 
  • Unemployment Rate: 4.3% – Lowest since May 2001! Great for America- bad for recruiters
  • Unemployment Rate for Bachelor’s Degree or Higher: 2.3%

 Over the past 3 months, job gains have averaged 121,000 per month

Most concerning fact: Number of American’s in the labor force fell by 429,000

  • Paychecks for private sector workers grew by an average of 2.5%
  • Participation fell .2% to 62.7%

I hope this helps!

-D

 


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