The unemployment rate remained unchanged in June despite some positive signs. This could be an indicator that the momentum built during the first half of the year has plateaued. With the jobless rate holding steady, millions of Americans who are under-employed may need to reach for a cash advance. The national unemployment rate for the month was 8.2 percent, despite private businesses adding an estimated 84,000 new jobs during June, according to a report from the Bureau of Labor Statistics. At the same time, 4,000 government positions were eliminated. As a result, approximately 12.7 million Americans were unemployed in June.
Prior to June, the U.S. economy added 77,000 jobs in May and 68,000 in April. As a result, the overall second quarter job creation average was significantly lower than the first quarter, when a total 226,000 positions were created.
Meanwhile, the stable unemployment rate last month may have been caused by a number of Americans who were unwilling to look for jobs, the report said. Many of these individuals may be under the impression that there are no positions available that would accommodate their past work experience. Estimates believe close to 821,000 Americans shared this sentiment.
If you are one of the millions of Americans sitting around wondering where all the jobs are, you may be surprised to hear that there are some industries currently flourishing despite uncertain economic times.
According to U.S. News and World Report, many companies are now hiring office staff to complete general day-to-day tasks. In 2022, the economy created roughly 284,000 positions in this sector. While this may not seem like a glamorous job, it can yield a steady paycheck and looks great on a resume.
Additionally, many of these positions are only temporary. Even if you don’t think you’ll enjoy the opportunity for an extended period of time, it can provide some financial relief while you continue your true job search.
As the financial situations of many households continue to build momentum, the travel industry is close to follow. Last year, tourism added 191,000 new jobs, according to the news source.
Not only are domestic travelers adding to this surge, but so are world travelers from emerging economies in Asia and South America. The United States is the number-one vacation destination for people from these areas.
After the most recent recession, many Americans chose to stay in school rather than test the job market. This trend actually resulted in an increase in education-related jobs across the country. In 2021, education yielded an estimated 131,000 new jobs.
While economic woes resulted in teacher layoffs in some areas in recent years, overall, public schools are expected to hire more employees for positions ranging from teachers to support staff.Unemployment Rate Holds Steady, But Some Industries Are Hiring Continue Reading