Economy Adds 224K Jobs In June, Exceeding Expectations

0

The U.S. added 224,00 jobs in June, the Labor Department reported Friday, exceeding expectations amid heightened concerns about the health of the economy.

The unemployment rate ticked up slightly to 3.7 percent, largely due to an increase in the size of the workforce, while the labor force participation rate stayed even at 62.9 percent.

A sharp increase in manufacturing jobs — 17,000 in June versus a monthly average of 8,000 — was also welcome news for economists after months of stagnation.

Read more at The Hill.

{Matzav.com}

LEAVE A REPLY

Please enter your comment!
Please enter your name here