Employment by Industry: 850,000 Workers Added to Payrolls in June

The U.S. labor market accelerated in June, seeing the largest gain in 10 months, reported the U.S. Bureau of Labor Statistics (BLS). The latest data shows a surge of 850,000 new workers added to payrolls in June after a spring lull. Wages also saw noticeable improvements, both positive signs of growing demand for workers.

Following a disappointing jobs reports in April, the U.S. labor market has seen more than 1.6 million new jobs added between May and June. Despite the additions in June, labor shortages and enhanced unemployment benefits continued to temper hiring. Once again, leisure and hospitality—the sector hit hardest by the pandemic—led the payroll recovery in June, adding 343,000 jobs as pandemic-related restrictions continued to ease in some parts of the country. Also seeing job growth were public and private education, professional and business services, retail trade and other services.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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