📺 Stream EntrepreneurTV for Free 📺

The June Jobs Report Surpassed Economist Expectations Professional and business services, leisure and hospitality, and health care saw the most growth.

By Madeline Garfinkle

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Despite news of massive layoffs and looming economic uncertainty, the June jobs report demonstrated significant gains and signs of a recovery to almost pre-pandemic levels — with some industries surpassing the February 2020 mark.

In June, 372,000 jobs were added, with the unemployment rate steady at 3.6% for the fourth month in a row, according to the Bureau of Labor Statistics. The number of individuals unemployed (5.9 million) remained relatively unchanged in June and held similar levels to the state of the economy in February 2020 (5.7 million) before the pandemic.

The industries that experienced the most growth in June were professional and business services, leisure and hospitality, and health care.

Related: Labor Shortage? Depends on Who You Ask.

Professional and business services — management of companies and enterprises, computer systems design and related services, office administrative services, and scientific research and development services — had the most notable growth with 74,000 jobs, signifying not only recovery to pre-pandemic levels, but has surpassed its values from February 2020.

Leisure and hospitality, as well as health care, experienced similar gains, but are each still below their February 2020 levels with leisure and hospitality behind by 7.8% and health care behind by 1.1%. Still, the industries demonstrated significant growth and were the second and third job growth drivers of June, respectively.

Although the job report was strong, major companies are still in the midst of layoffs.

Julia Pollack, chief economist at ZipRecruiter told Entrepreneur this is likely due to overhiring in unsustainable conditions.

"There are industries that expanded dramatically during the pandemic because of unique conditions," Pollak said. "So the return to normal in some of those industries that expanded too quickly means cutting back a bit, but in most of the job market, the return to normal still means growth and expansion and more job openings — their return to normal still means expansion."

Related: How the Changing Labor Market Is Impacting Digital Transformation

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Science & Technology

Brand New GPT-4o Revealed: 3 Mind Blowing Updates and 3 Unexpected Challenges for Entrepreneurs

Unveiling OpenAI's GPT-4.0: The latest AI with vision, auditory, and emotional intelligence abilities is revolutionizing industries. How will it affect your business?

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."


You're Reading Body Language All Wrong — And It's Putting Your Next Business Deal On The Line. Decode Non-Verbal Cues By Following These 5 Steps.

In the intricate dance of business meeting negotiations, the nuances of communication become the fulcrum on which decisions balance. For the astute entrepreneur, understanding body language is not just a skill; it's an imperative. However, relying solely on isolated gestures can be deceptive. To truly harness the power of non-verbal cues, one must grasp the concept of "clusters."

Business News

The Music Giant Behind Beyoncé, Harry Styles and Adele Bars ChatGPT From Using Its Songs

The world's largest music publisher sent letters to more than 700 companies demanding information about how its artists' songs were used.


Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.