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Nonfarm payroll employment increased by 147,000 in June, beating expectations. Meanwhile, May and April’s job gains were revised upward by a combined 16,000 to 144,000 and 158,000, respectively. The 12-month average stands at 146,000 job gains per month. The unemployment rate edged down 0.1% to 4.1%, while the labor force participation rate similarly inched down 0.1% to 62.3%.

Manufacturing employment slipped by 7,000, but the May loss of 8,000 was revised upward slightly by 1,000 jobs to a decrease of 7,000. Durable goods manufacturing employment fell by 5,000, while nondurable goods employment declined by 2,000. The most significant gain in manufacturing in June occurred in paper manufacturing, which added 2,300 jobs over the month. Meanwhile, the most significant losses occurred in computer and electronic product manufacturing, which shed 4,900 jobs over the month, followed by plastics and rubber products manufacturing, which lost 3,400 jobs.

The employment-population ratio stayed the same at 59.7% and is down 0.3 percentage points from a year ago. Employed persons who are part-time workers for economic reasons decreased by 159,000 to 4.50 million but are up from 4.23 million in June 2024. Native-born employment is up 830,000 over the month and 1,746,000 over the year. Meanwhile, foreign-born employment is down 348,000 over the month but up 364,000 over the year.

Average hourly earnings for all private nonfarm payroll employees rose 0.2%, or 8 cents, reaching $36.30. Over the past year, earnings have grown 3.7%. The average workweek for all employees edged down by 0.1 hour at 34.2 hours but stayed the same for manufacturing employees at 40.1 hours.