June 2016 Jobs Numbers: What They Say

June 2016 Jobs Numbers: What They Say


The U.S. Bureau of Labor Statistics (BLS) released its June 2016 jobs report Friday, and the labor market rebounded significantly from weak hiring in May.

The approximate 287,000 jobs added in June greatly outpaced the forecast of 175,000, and far exceeded May's 38,000 new jobs -- the worst month for employment improvement in three years.

Part-time jobs contributed to the growth in June, though hardly en masse. In fact, certain sectors that typically buoy summer part-time employment, like hospitality, were down from 2015 rates.

Instead, sectors like healthcare and IT remained strong. This should come as no surprise, given the strength of these industries for years now. The CareerCast Healthcare and IT Networks are often buzzing with openings, and job seekers in those fields can refer to these sites' extensive databases of listings.

However, an interesting takeaway from the June 2016 jobs report is the growth of finance jobs in the last year.

The 16,000 new hires in finance bring the sector to 163,000 new positions for 2016. With finance on the rise, now is an opportune time to visit the CareerCast Finance Network.

Career Topics
Employment Trends