Today, the U.S. Bureau of Labor Statistics released its Employment Situation report for June 2020. This release shows a continuation of the positive changes from last month as certain states continue reopening efforts. However, this data is not real-time, and does not account for the recent changes to reopening plans brought on by a spike in COVID-19 cases in certain states, mostly in the south and west.
Overall, total employment rose by 4.8 million in June, and the unemployment rate declined to 11.1%. This data shows a positive shift away from the dire numbers of April, a result of states reopening and a return of consumer demand to get back to “normal” pre-COVID activities.
In June, employment in leisure and hospitality increased by 2.1 million, eclipsing May’s numbers, accounting for about 40% of the total June employment gain. Over the month, employment in food services and drinking places rose by 1.5 million, similar to May’s increase.
Employment in retail trade rose by 740,000, nearly double the gain in May. But employment in the industry is 1.3 million lower than it was in February, before the crisis began in the US. In June, notable job gains occurred in clothing and clothing accessories stores (+202,000), general merchandise stores (+108,000), furniture and home furnishings stores (+84,000), and motor vehicle and parts dealers (+84,000).
While the numbers paint an optimistic picture, the reality of an uncontrolled spread of COVID-19 in the US makes the landscape look a bit bleaker. Bars especially are emerging as a particularly dangerous location to contract and spread the disease.
Talroo will continue to monitor how these current events affect employer and job seeker demand, with a new infographic with real-time employment data to be published the week of June 6th. See our 3 previous labor market infographics on Talroo’s content resources page to see what our Insights™ data has uncovered so far.