According to the June 2017 Employment Situation release by the US Department of Labor, employment is rising while hourly earnings are flat lining.

US hiring hit its strongest pace since February, with 222,000 new jobs added in the month of June. The leap in new jobs was led by the service sector, with professional and business services growing by 35,000. Government jobs also grew at a solid pace after a previous period of uneven results, increasing by 35,000.

Hours increased to an overall level of 34.5 weekly hours coupled with a slight 0.1 percent increase in unemployment. However, despite the increase, unemployment remained relatively low at 4.4 percent with the number of available workers also decreasing to 12.4 million.

In contrast, earnings only increased by 0.2 percent from the previous month, with a weak yearly growth of 2.5 percent.