Jobs watchers had been expecting Friday’s jobs report to show a substantial rebound from May’s unexpectedly weak growth, but the June number easily topped expectations.
Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in leisure and hospitality, health care and social assistance, and financial activities.
Employment also increased in information, mostly reflecting the return of workers from a strike.
The national unemployment rate, meanwhile, rose slightly more than expected in June, to 4.9 percent, according to data released Friday by the Bureau of Labor Statistics.
White House Council of Economic Advisers Chairman Jason Furman said in a statement – “The economy added 287,000 jobs in June, a bounce-back from May’s low number and a clear indication that the economy continues to make solid progress,”
Over the last three months, job gains have averaged about 147,000 per month.
Stock markets across the world have reacted positively to the news and scaled new highs
Full BLS Job Report –
http://www.bls.gov/news.release/empsit.nr0.htm
Leave a Reply