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United States

Report | United States Employment Update - July 2017

Summary

​June's 222,000 net new jobs represented a resurgence to normal levels of employment growth seen in 2014, 2015 and 2016, but that has since subsided due to limited latent demand and talent shortages across primary and secondary metro areas. However, it continues the trend of more volatile and unpredictable monthly additions in 2017, with most months now either significant below or above expectations. Unemployment rose slightly on the back of increasing participation to 4.4 percent, while total unemployment also registered a slight rise to 8.6 percent; both are still at near-cyclical lows.

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