Strong Job Growth Is Back: Payrolls Jump in June Well Above Expectations - Energy Watch News


Strong Job Growth Is Back: Payrolls Jump in June Well Above Expectations

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7% as labor force participation rose, according to the Labor Department. Markets have been widely anticipating that the central bank will cut its benchmark interest rate later this month, regardless of what the June payrolls count showed. Record: the total labor force increased by 335,000 to just under 163 million Americans employed.  https://www.cnbc.com/2019/07/05/jobs-report-june-2019.html

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