Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

June 2015 Employment Situation

Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care,…

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Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, financial activities, and in transportation and warehousing.

Household Survey Data

The unemployment rate declined by 0.2 percentage point to 5.3 percent in June, and the number of unemployed persons declined by 375,000 to 8.3 million. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (4.8 percent), adult women (4.8 percent), and blacks (9.5 percent) edged down in June, while the rates for teenagers (18.1 percent), whites (4.6 percent), Asians (3.8 percent), and Hispanics (6.6 percent) showed little change. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) declined by 381,000 to 2.1 million in June. These individuals accounted for 25.8 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 955,000. (See table A-12.)

The civilian labor force declined by 432,000 in June, following an increase of similar magnitude in May. The labor force participation rate declined by 0.3 percentage point to 62.6 percent in June. The employment-population ratio, at 59.3 percent, was essentially unchanged in June and has shown little movement thus far this year. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 6.5 million, changed little in June. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

In June, 1.9 million persons were marginally attached to the labor force, little changed from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 653,000 discouraged workers in June, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force in June had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 223,000 in June, compared with an average monthly gain of 250,000 over the prior 12 months. In June, job gains occurred in professional and business services, health care, retail trade, financial activities, and in transportation and warehousing. (See table B-1.)

Employment in professional and business services increased by 64,000 in June, about in line with the average monthly gain of 57,000 over the prior 12 months. In June, employment continued to trend up in temporary help services (+20,000), in architectural and engineering services (+4,000), and in computer systems design and related services (+4,000).

Health care added 40,000 jobs in June. Job gains were distributed among the three component industries--ambulatory care services (+23,000), hospitals (+11,000), and nursing and residential care facilities (+7,000). Employment in health care had grown by an average of 34,000 per month over the prior 12 months.

Employment in retail trade increased by 33,000 in June and has risen by 300,000 over the year. In June, general merchandise stores added 10,000 jobs.

In June, employment in financial activities increased by 20,000, with most of the increase in insurance carriers and related activities (+9,000) and in securities, commodity contracts, and investments (+7,000). Commercial banking employment declined by 6,000. Employment in financial activities has grown by 159,000 over the year, with insurance accounting for about half of the gain.

Transportation and warehousing added 17,000 jobs in June. Employment in truck transportation continued to trend up over the month (+7,000) and has increased by 19,000 over the past 3 months.

Employment in food services and drinking places continued to trend up in June (+30,000) and has increased by 355,000 over the year.

Employment in mining continued to trend down in June (-4,000). Since a recent high in December 2014, employment in mining has declined by 71,000, with losses concentrated in support activities for mining.

Employment in other major industries, including construction, manufacturing, wholesale trade, information, and government, showed little or no change over the month.

The average workweek for all employees on private nonfarm payrolls was 34.5 hours in June for the fourth month in a row. The manufacturing workweek for all employees edged down by 0.1 hour to 40.7 hours, and factory overtime edged up by 0.1 hour to 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.6 hours. (See tables B-2 and B-7.)

In June, average hourly earnings for all employees on private nonfarm payrolls were unchanged at $24.95. Over the year, average hourly earnings have risen by 2.0 percent. Average hourly earnings of private-sector production and nonsupervisory employees edged up by 2 cents to $20.99 in June. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for April was revised from +221,000 to +187,000, and the change for May was revised from +280,000 to +254,000. With these revisions, employment gains in April and May combined were 60,000 lower than previously reported. Over the past 3 months, job gains have averaged 221,000 per month.

Source: U.S. Bureau of Labor Statistics · Original release Jul 2, 2015.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read beyond one jobs number

The Employment Situation combines two surveys: establishment data measure payroll jobs, hours and earnings, while household data measure people’s employment status and the unemployment rate. A payroll-job change and an unemployment-rate change therefore answer different questions. Check the reference period, participation and revisions alongside the headline. Labor-market conditions inform the policy outlook, but a later mortgage-rate change can reflect many developments; this calendar window cannot identify the report as its cause. BLS Employment Situation tables and technical notes.

Nearest published observation on or before each target date
Benchmark30 days earlierJun 2, 2015Publication referenceJul 2, 201530 days laterAug 1, 2015
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.87%Observed 4.08%Observed +21 bps vs. earlier reference3.98%Observed −10 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Apr 2, 2015 – Oct 2, 2015
Historical mortgage and Treasury observations around Jul 2, 2015Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.3.50%4.00%4.50%Publication date30-year fixed mortgage: 3.70% · Apr 2, 201530-year fixed mortgage: 3.66% · Apr 9, 201530-year fixed mortgage: 3.67% · Apr 16, 201530-year fixed mortgage: 3.65% · Apr 23, 201530-year fixed mortgage: 3.68% · Apr 30, 201530-year fixed mortgage: 3.80% · May 7, 201530-year fixed mortgage: 3.85% · May 14, 201530-year fixed mortgage: 3.84% · May 21, 201530-year fixed mortgage: 3.87% · May 28, 201530-year fixed mortgage: 3.87% · Jun 4, 201530-year fixed mortgage: 4.04% · Jun 11, 201530-year fixed mortgage: 4.00% · Jun 18, 201530-year fixed mortgage: 4.02% · Jun 25, 201530-year fixed mortgage: 4.08% · Jul 2, 201530-year fixed mortgage: 4.04% · Jul 9, 201530-year fixed mortgage: 4.09% · Jul 16, 201530-year fixed mortgage: 4.04% · Jul 23, 201530-year fixed mortgage: 3.98% · Jul 30, 201530-year fixed mortgage: 3.91% · Aug 6, 201530-year fixed mortgage: 3.94% · Aug 13, 201530-year fixed mortgage: 3.93% · Aug 20, 201530-year fixed mortgage: 3.84% · Aug 27, 201530-year fixed mortgage: 3.89% · Sep 3, 201530-year fixed mortgage: 3.90% · Sep 10, 201530-year fixed mortgage: 3.91% · Sep 17, 201530-year fixed mortgage: 3.86% · Sep 24, 201530-year fixed mortgage: 3.85% · Oct 1, 2015Apr 2, 2015Jul 2, 2015Oct 2, 2015
30-year fixed mortgage27 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,446.12/month

4.08% · Jul 2, 2015

At the later reference$1,428.79/month

3.98% · Jul 30, 2015

The illustrative principal-and-interest payment is $17.33 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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