The U.S. experienced powerful job growth in June following disappointing performances in recent months, according…
The U.S. experienced powerful job growth in June following disappointing performances in recent months, according to new report from the government.
In June, total nonfarm payroll employment increased by 222,000, the U.S. Bureau of Labor Statistics reported on Friday.
Experts were only expecting to see 179,000 for June.
Job production has been erratic in recent months, with just 98,000 new jobs produced in March, followed by a strong 211,000 in April, then just 138,000 in May.
In June, average hourly earnings were up 2.5 percent on an annualized basis. This isn’t so great.
The unemployment rate held steady at 4.4 percent.