Industry News

June 2023 Employment Report

In June, nonfarm payrolls rose by 209,000, slightly below industry expectations. The U.S. has now added jobs for 30 consecutive months. The unemployment rate declined from 3.7% in May to 3.6% in June, which is historically low. Of those who are unemployed, a majority have been unemployed for less than 5 weeks. Since 1948, the unemployment rate has averaged 5.7%.

Average nonfarm hourly wages in June 2023 were $33.58, an increase of 4.3% from June 2022. Within the Trade, Transportation, and Utilities subcategory, average hourly wages in June were $28.96, up 4.7% year-over-year.

Additional employment and wage data are available from the Bureau of Labor Statistics. Both NPGA and PERC have a variety of workforce tools to make attracting and retaining employees easier. One such tool from NPGA is our Registered Apprenticeship Program.

For more information, contact NPGA’s Senior Manager of State Association Relations, Eric Sears.