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266,000 jobs added, which surprised investors, and they continued to hire at a pretty brisk pace. that brought unemployment down to 3.5%, still the lowest in 50 years. 3.5% is nearing full employment in this country. it should mean anyone who wants a job has a job, and companies are really looking for workers. where are the sectors? where is the hiring? health care again a very strong part of the economy. 40,000 jobs there, john. 414,000 jobs over the past year. make no mistake, health care is a really strong driver in the country right now. and manufacturing. look at that big manufacturing number. what s that all about? gm and auto production. after the gm strike ended, a lot of those workers went back. 44,000 on the very far right of your screen are gm workers. manufacturing bouncing back because of the end of the gm strike.
creation, just crunching these numbers out from the bureau of labor statistics. june, 213,000 jobs created, much more than folks thought and there were revisions in april and may. look what a strong spring it was for hiring. when you look at these statistics there are more jobs available than people trying to get them. it s really a great situation. let s look at the unemployment rate. the rate up to 4%. why did it rise? because there were hundreds of thousands of people who have now started looking for work. these lost employees who left the labor market because they were disgruntled during the recession or for whatever reason, hundreds of thousands, about half a million people coming into the labor market looking for work. largely because of headlines like these we tell you about every month. they re starting to be more encouraged there are jobs out there for them. where are the jobs? business and information services. these tend to be higher paid jobs, 50,000 there. manufacturing. a
what you saw the last year and a half of the obama presidency, so it s been a pretty good two or three years here. where is the hiring, you guys? 54,000 in business and information systems services. those are highly paid jobs. health care, that has been a steady performer. manufacturing, 24,000 jobs there. it s been a pretty good run for manufacturing over the past six months. and i noticed in the government statistics they said that metal fabrication was up. maybe that has something to do with the president s moves on trade. you still have 5 million people that are working part-time and want to be working full time. that s a number that s been very stubborn so a lot of part-time workers. you have 7.8% underemployment. that s also the lowest since 2001, but there are still people who would like to be more fully engaged in the labor market and aren t. and wages, 2.6%. if it really is such a great job market and you re hearing all this anecdotal reporting of how people can t find workers
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