Employment Report Shows Spikes in Hospitality, Healthcare Jobs

In this week’s economic minute, the?June 2022 employment situation?report showed positive job gains across the economy. Plus, indications that a recession may be staved off in the short term, but the economy isn’t out of the mud quite yet.

The BLS reported 372,000 non-farm payrolls, or jobs, added in June 2022. That’s a slight dip from 384,000 added in May, but above many analyst’s projections for the month.

The private sector saw the most growth, with 381,000 new jobs, while the public sector saw a slight loss of about 9000 jobs.

Unemployment remained consistent for the fourth month in a row, settling in at 3.6%.

The big takeaway for B2B is looking at which industries saw the most growth, both May to June, as well as June to June.

Healthcare, leisure and hospitality, and professional and?business services?all saw particular job growth.?Food service?and drinking places alone made up nearly two-thirds of hospitality job growth. Ambulatory health care services added thousands of new jobs, and we saw substantial growth in computer systems jobs as well as management positions.

For more B2B insights from the June jobs report, check out MarketScale's full story.

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