June 2020 Employment Data Digest
- Payroll employment rose by 4.8 million jobs in June as the reopening of some businesses continued.
- The unemployment rate decreased to 11.1 percent in June, down from 13.3 percent in May. The unemployment rate for people ages 55 and older decreased from 11.8 percent to 9.7 percent.
- The total labor force participation rate increased slightly from 60.8 percent to 61.5 percent and increased for those ages 55+, from 38.5 percent to 39 percent.
OVERALL U.S. WORKFORCE: +4.8 million jobs added in June
Unemployment rate: 11.1 percent ↓
Number of unemployed persons: 17.8 million ↓
Labor force participation rate: 61.5 percent ↑
Long-term unemployed ages 16–54: 7.1 percent ↑
55 AND OLDER U.S. WORKFORCE
55+ unemployment rate: 9.7 percent ↓
Number of 55+ unemployed persons: 3.7 million ↓
55+ labor force participation rate: 39.0 percent ↑
55 + long-term unemployed: 7.3 percent ↑
Source: Bureau of Labor Statistics
Arrows denote directional change from the prior month.
About the PPI Monthly Employment Data Digest
The AARP Public Policy Institute’s (PPI) latest monthly digest of employment data from the Bureau of Labor Statistics (BLS) examines the findings from the Employment Situation Report. It takes a closer look at employment data for people ages 55 and over, including labor force participation, employment rates, and duration of unemployment.
For more analysis from PPI expert Jennifer Schramm on employment trends and older workers, see our blog.