The American job engine is roaring back to life, with over 200,000 positions added in June and a powerful recovery that has us millions of jobs above pre-pandemic levels, driven by surges in healthcare and government hiring alongside significant gains across the states.
Key Takeaways
- In June 2024, U.S. nonfarm payroll employment rose by 206,000, with notable gains in government (70,000), health care (39,000), and social assistance (18,000)
- From May to June 2024, the U.S. unemployment rate edged down to 4.1 percent, while total nonfarm payroll employment increased by 206,000 jobs
- Over the 12 months ending June 2024, U.S. health care employment grew by 503,000 jobs, averaging 42,000 per month
- U.S. software developers employment projected to grow 26% from 2023-2033, much faster than average
- Healthcare support occupations in U.S. expected to add 980,000 jobs from 2023-2033, 15% growth
- U.S. wind turbine service technicians projected 45% job growth 2023-2033, fastest growing occupation
- In June 2024, California added 29,100 nonfarm jobs, with education and health services leading at 15,400
- Texas nonfarm employment grew by 24,000 in May 2024, led by leisure and hospitality (14,100)
- New York state added 11,600 jobs in June 2024, with trade, transportation, utilities up 14,700
- In 2023, employment for U.S. Hispanics grew 2.8%, faster than overall 2.1%
- U.S. Black or African American unemployment rate fell to 6.1% in June 2024 from 6.6%
- Women aged 25-54 in U.S. labor force participation reached 77.5% in 2023, up from 76.1% pre-pandemic
- Globally, ILO estimates 73 million new jobs needed annually to 2030 for youth
- World Bank projects global job growth at 1.7% annually 2024-2025, creating 52 million jobs
- OECD unemployment rate averaged 4.9% in Q1 2024 across member countries
June 2024 saw strong U.S. job growth with broad gains across multiple sectors.
Demographic Job Growth
1In 2023, employment for U.S. Hispanics grew 2.8%, faster than overall 2.1%
Verified2U.S. Black or African American unemployment rate fell to 6.1% in June 2024 from 6.6%
Verified3Women aged 25-54 in U.S. labor force participation reached 77.5% in 2023, up from 76.1% pre-pandemic
Verified4U.S. employment for workers 55 and older grew 3.2 million from 2019-2023
Directional5Asian Americans had 3.0% unemployment in June 2024, lowest among major groups
Single source6U.S. prime-age men (25-54) employment-population ratio hit 89.5% in 2023, record high
Verified7Veterans' unemployment in U.S. dropped to 3.1% in 2023 annual average
Verified8U.S. foreign-born workers employment rose 1.1 million in 2023, 3.5% growth
Verified9White unemployment rate in U.S. was 3.7% in June 2024
Directional10U.S. women held 50.4% of professional/managerial jobs in 2023, up from 46% in 2000
Single source11Youth (16-24) employment in U.S. increased 700,000 in summer 2023
Verified12U.S. disabled persons labor force participation rose to 22.9% in 2023
Verified13Men aged 25-54 employment rate reached 88.7% in June 2024
Verified14U.S. Hispanic employment grew 2.4% in 2023, adding 557,000 jobs
Directional15Black women employment-population ratio up to 60.3% in 2023
Single source16U.S. college graduates unemployment 2.1% in 2023, half of high school only
Verified17Workers without high school diploma unemployment 5.7% in June 2024 U.S.
Verified18U.S. self-employed workers numbered 10.8 million in 2023, up 0.4%
Verified19Prime-age women participation rate 57.8% in June 2024 U.S.
Directional20U.S. Native Hawaiian/Pacific Islander unemployment 4.3% in 2023
Single source21In 2023, American Indian/Alaska Native employment rose 2.7%
Verified22U.S. multiple jobholders rate 5.2% in June 2024
VerifiedDemographic Job Growth Interpretation
The economy, in a refreshing plot twist, has decided to start winning for a change, as these numbers show it's finally figuring out how to field a full team.
Global Job Growth
1Globally, ILO estimates 73 million new jobs needed annually to 2030 for youth
Verified2World Bank projects global job growth at 1.7% annually 2024-2025, creating 52 million jobs
Verified3OECD unemployment rate averaged 4.9% in Q1 2024 across member countries
Verified4EU-27 employment rate reached 75.4% in 2023, up 1.4 points from 2019
Directional5China's urban unemployment steady at 5.0% in June 2024, youth at 13.2%
Single source6India added 8.17 million jobs in 2023-24 per PLFS survey
Verified7UK employment rate 74.4% in April-June 2024, 33.3 million employed
Verified8Germany's unemployed fell to 2.73 million in June 2024, rate 5.9%
Verified9Japan's job-to-applicant ratio 1.23 in June 2024, employment up 0.3%
Directional10Brazil formal jobs created 1.69 million Jan-July 2024, record pace
Single source11Canada's employment rose 27,000 in June 2024, unemployment 6.4%
Verified12Australia added 50,600 jobs in June 2024, unemployment steady 4.1%
Verified13South Korea unemployment 2.7% in June 2024, youth 6.0%
Verified14Mexico formal jobs +592,000 Jan-June 2024
Directional15France jobseekers fell 37,000 in June 2024 to 2.68 million
Single source16Spain unemployment rate 11.4% Q1 2024, employment up 2.3%
Verified17Italy employment rate 62.4% in 2023, added 300,000 jobs
Verified18Russia registered unemployment 2.4% in June 2024
Verified19Saudi Arabia created 240,000 jobs in 2023, Nitaqat program success
DirectionalGlobal Job Growth Interpretation
The global job engine is sputtering to life with encouraging but uneven national progress, yet it’s still running frustratingly in the red against the colossal need of a generation knocking at the door.
National Job Growth
1In June 2024, U.S. nonfarm payroll employment rose by 206,000, with notable gains in government (70,000), health care (39,000), and social assistance (18,000)
Verified2From May to June 2024, the U.S. unemployment rate edged down to 4.1 percent, while total nonfarm payroll employment increased by 206,000 jobs
Verified3Over the 12 months ending June 2024, U.S. health care employment grew by 503,000 jobs, averaging 42,000 per month
Verified4U.S. leisure and hospitality employment increased by 23,000 in June 2024, with food services and drinking places adding 30,000 jobs
Directional5From January 2020 to June 2024, U.S. total nonfarm employment recovered to surpass pre-pandemic levels by 3.7 million jobs
Single source6In Q1 2024, U.S. private sector job growth averaged 177,000 per month according to ADP, led by leisure and hospitality
Verified7U.S. manufacturing employment declined by 3,000 in June 2024, continuing a trend with little net change over the year
Verified8Professional and business services added 44,000 jobs in June 2024 in the U.S., with computer systems design contributing significantly
Verified9U.S. federal government employment rose by 9,000 in June 2024, reflecting ongoing hiring in public administration
Directional10From 2022 to 2023, U.S. employment in transportation and warehousing grew by 2.1 percent, adding 68,000 jobs
Single source11U.S. retail trade employment was little changed in June 2024, with a loss of 14,000 jobs amid seasonal adjustments
Verified12Construction employment in the U.S. added 25,000 jobs in June 2024, driven by nonresidential building activity
Verified13U.S. average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents or 0.2 percent in June 2024 to $35.00
Verified14Over the past 12 months to June 2024, U.S. average hourly earnings increased by 3.9 percent
Directional15U.S. labor force participation rate held at 62.6 percent in June 2024, unchanged from May
Single source16In May 2024, U.S. nonfarm payrolls grew by 272,000, exceeding expectations
Verified17U.S. employment-population ratio edged up to 60.1 percent in June 2024
Verified18From 2019 to 2023, U.S. total employment grew by 5.2 million jobs despite pandemic disruptions
Verified19U.S. mining and logging employment declined by 1,000 in June 2024
Directional20Financial activities sector in U.S. added 9,000 jobs in June 2024, led by insurance carriers
Single source21U.S. other services employment changed little in June 2024, with a gain of 2,000 jobs
Verified22In Q2 2024, U.S. job openings averaged 8.1 million, indicating continued labor demand
Verified23U.S. healthcare sector employed 16.6 million in June 2024, up 503,000 from prior year
Verified24ADP reported 152,000 private jobs added in June 2024, below expectations but positive
Directional25U.S. state government employment rose by 47,000 in June 2024
Single source26Local government education added 20,000 jobs in June 2024 in the U.S.
Verified27U.S. wholesale trade employment declined by 5,000 in June 2024
Verified28From 2023-2033, U.S. employment projected to grow by 6.7 million jobs, 0.4% annually
Verified29U.S. information sector lost 4,000 jobs in June 2024, led by motion picture production
Directional30In 2023, U.S. net job growth totaled 2.7 million, per BLS annual data
Single sourceNational Job Growth Interpretation
The economy is humming along, with Americans earning more and landing jobs mostly in government, healthcare, and hospitality, though it feels a bit like we've all just collectively decided to join either the public sector or become our own personal nurses and bartenders.
Regional Job Growth
1In June 2024, California added 29,100 nonfarm jobs, with education and health services leading at 15,400
Verified2Texas nonfarm employment grew by 24,000 in May 2024, led by leisure and hospitality (14,100)
Verified3New York state added 11,600 jobs in June 2024, with trade, transportation, utilities up 14,700
Verified4Florida's private sector employment rose 23,100 in June 2024, total nonfarm up 34,000
Directional5From May 2023 to May 2024, Washington state employment grew 1.8%, adding 62,600 jobs
Single source6Illinois nonfarm payrolls increased 22,200 in June 2024, government sector +12,300
Verified7Georgia added 15,700 jobs in June 2024, professional services +10,100
Verified8Pennsylvania employment rose 8,300 in May 2024, health care leading gains
Verified9Michigan nonfarm jobs up 14,000 in June 2024, manufacturing flat
Directional10North Carolina added 28,100 jobs May 2024, education/health +15,900
Single source11Ohio employment grew 14,100 in June 2024, trade/transport/utilities +7,700
Verified12New Jersey nonfarm payrolls +10,200 in June 2024, leisure/hospitality +9,300
Verified13Virginia added 9,400 jobs in June 2024, professional/business services +11,100
Verified14Massachusetts employment up 26,000 in June 2024 year-over-year
Directional15Colorado nonfarm jobs +15,900 in May 2024, construction +6,500
Single source16Arizona added 17,400 jobs in May 2024, trade/transport +5,900
Verified17Tennessee employment rose 11,000 in June 2024, manufacturing +4,200
Verified18Indiana nonfarm payrolls +11,500 in June 2024, durable goods manufacturing +5,600
Verified19Wisconsin added 9,300 jobs in June 2024, health care +6,000
Directional20Oregon employment grew 5,200 in June 2024, professional services +4,100
Single source21Alabama nonfarm jobs +7,200 in June 2024, education/health +4,500
Verified22Kentucky added 15,400 jobs May-June 2024 average
Verified23South Carolina employment up 12,100 in June 2024, manufacturing +3,800
Verified24Louisiana nonfarm payrolls +4,900 in June 2024, trade +3,200
Directional25Oklahoma jobs +5,600 in June 2024, energy sector influence
Single source26Iowa added 2,900 jobs in June 2024, manufacturing +1,800
VerifiedRegional Job Growth Interpretation
The nation's economic engine is purring along, though it's clear we're stitching together a patchwork quilt of growth where some states are getting new hospital wings, others are getting hotel bars, and a few are just praying their manufacturing plants don't sneeze.
Sectoral Job Growth
1U.S. software developers employment projected to grow 26% from 2023-2033, much faster than average
Verified2Healthcare support occupations in U.S. expected to add 980,000 jobs from 2023-2033, 15% growth
Verified3U.S. wind turbine service technicians projected 45% job growth 2023-2033, fastest growing occupation
Verified4Registered nurses in U.S. to grow 6% from 2023-2033, adding 193,000 jobs
Directional5U.S. financial managers employment projected to rise 17% 2023-2033, 70,400 new jobs
Single source6Home health and personal care aides in U.S. fastest growing, 21% increase 2023-2033, 820,500 jobs
Verified7U.S. construction laborers projected 4% growth 2023-2033, adding 65,500 jobs amid infrastructure
Verified8Solar photovoltaic installers in U.S. to grow 22% 2023-2033, 2,500 new jobs yearly
Verified9U.S. nurse practitioners employment up 38% projected 2023-2033, 135,500 jobs
Directional10Information security analysts in U.S. 32% growth 2023-2033, 56,500 new jobs due to cyber threats
Single source11U.S. medical and health services managers 28% growth 2023-2033, 160,600 jobs
Verified12Restaurant cooks in U.S. projected 5% growth 2023-2033, 95,300 new jobs
Verified13U.S. actuaries 22% growth 2023-2033, 4,400 jobs amid risk analysis demand
Verified14Logisticians in U.S. 19% growth 2023-2033, 21,800 jobs from supply chain complexity
Directional15U.S. physical therapist assistants 25% growth 2023-2033, 27,000 jobs for aging population
Single source16Operations research analysts in U.S. 23% growth 2023-2033, 28,300 jobs for optimization
Verified17U.S. data scientists 36% growth 2023-2033, 73,100 new jobs in big data era
Verified18Speech-language pathologists in U.S. 19% growth 2023-2033, 33,100 jobs
Verified19U.S. veterinarians 19% growth 2023-2033, 17,200 jobs from pet ownership rise
Directional20Occupational therapy assistants in U.S. 22% growth 2023-2033, 24,700 jobs
Single source21U.S. restaurant cooks (fast food) 4% growth 2023-2033, 57,600 jobs
VerifiedSectoral Job Growth Interpretation
While AI and healthcare are locked in a growth arms race, America's future job market seems to be asking, "Would you like fries with your MRI and data breach recovery?"
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