June Jobs Report: Tech Unemployment Drops

by Katie Brock on July 6, 2018

The unemployment rate rose in June, increasing by 0.2 percent to 4.0 percent. 213,000 jobs were created during the month of June.

Unemployment Rate Shifts

June’s 0.2 percent rise in unemployment to 4.0 percent marked the month of increase in the U.S. unemployment rate. The rate has changed slightly by 0.3 percent over the past year, increasing the number of unemployed by 400,000. The average number of jobs created averaged 210,667 per month over the past three months.

Wages Climb

The average hourly earnings for all employees on private nonfarm payrolls rose 5 cents to $26.98 in June. Average hourly earnings have risen 2.7 percent to 72 cents, over the past year.

Steady Gain of Tech Jobs

25,100 of the 50,000 professional and business services sector jobs added in June are attributed to professional and technical services.

The specific areas seeing the most growth in the professional and technical services sector include:

  • Architectural and engineering services (+6,800 jobs in June 2018)
  • Computer systems design and related services (+6,000 jobs in June 2018)
  • Management and technical consulting services (+4,800 jobs in June 2018)

The unemployment rate for professional and technical services dropped in June to 1.9 percent.

Engineering and Tech Salary Guide

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