The
Labor Market Insights report provides a monthly overview of key labor market statistics.
As the changing workforce and economic conditions continue to be top of mind for workers compensation executives, this valuable resource delivers timely perspectives on what the latest jobs reports mean for the industry. The
data and insights shared in this monthly publication are designed to provide just-in-time information to help industry leaders make informed decisions.
Key Insights:
The headline number was dragged down by a seasonally adjusted decline of 61,000 jobs in leisure and hospitality services. Higher gas prices may have led to lower consumer activity in travel and leisure during the month.
Construction, professional services, and health care saw solid employment growth while most other industries were little changed.
The unemployment rate ticked down slightly in June as the number of job seekers dropped by 213,000. However, labor force participation also dropped sharply: the number of people not in the labor force increased by 832,000, suggesting that the lower unemployment rate was driven, in part, by fewer people participating in the job market rather than by employment gains alone.
Additionally, those not in the labor force who currently want a job decreased by 142,000, implying there are fewer sidelined workers available to enter the labor force. We will be watching closely to see if this is a one-off or the start of a new trend.
Big Picture: While June saw weaker employment growth, the economy added an average of 92,000 jobs per month in the first half of 2026, a strong acceleration from the average of 10,000 jobs per month seen in 2025.
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