%20(2).png)
Key Points:
Employment growth turned negative in June for the first month since December 2020 following new revisions by BLS.
- While private sector employment growth has fallen to its slowest 3-month average pace since June 2020, federal government employment declined for the 7th consecutive month and is down by over 3% from peak levels reached in January 2025.
Nonfarm Payroll Employment Growth
The unemployment rate has risen as employment growth has slowed, reaching its highest level since October 2021 in August.
- The composition of unemployment has shifted as well with new entrants and re-entrants to the labor force making up a larger share of unemployed workers.
Composition of Unemployment
%20(2).png)
%20(1).png)