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United States

Report | United States Employment Update - June 2017

Summary

​Monthly job growth continues to be volatile and in many cases falling below expectations. May saw the addition of only 138,000 net new jobs, while gains in previous months saw downward revisions. Minimal improvement in retail trade combined with contractions in government and information kept increases down, although professional services, education, health and leisure remained stable. Consumer and business confidence remain elevated, but growth has stalled and in some cases slowly declined. The Consumer Confidence Index dipped for the second consecutive month to 117.9 points, while the ISM Manufacturing Index has remained largely steady. Although the rapid increases of much of 2016 and earlier in 2017 have slowed off, confidence is strongly positive and will drive further growth in the short-term.

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