U. S. Private Jobs Dip in June, But Paychecks Keep Growing

Private Sector Job Losses

• Total Loss: 33,000 jobs
• Causes: Fewer hires, slower filling of open positions

Wage Growth

• Overall Increase: 4.4% over the year
• Job Switchers: 6.8% pay raise

Industry-Specific Trends

• Job Losses:
• Professional services
• Education
• Job Gains:
• Manufacturing
• Hospitality

Regional Differences

• Biggest Losses: Midwest
• Only Gains: South

Company Size Impact

• Smaller Businesses: More job cuts
• Larger Companies (500+ employees): Job additions

Industry Pay Changes

• Highest Increases:
• Construction
• Healthcare
• Smaller Raises:
• Trade
• Information services

Conclusion

• Mixed Market: Job losses concern, but pay growth is steady.
• Importance: Monitoring trends is key to understanding the job market's direction.