Jobs Roar Back With Gain of 287,000 in June, Easing Worry

[workinclasszero]

By PATRICIA COHENJULY 8, 2016
Quashing worries that job growth was flagging, the government on Friday reported that employers increased payrolls by 287,000 in June. The arresting surge comes as Republicans and Democrats fine-tune the economic messages they plan to deliver at their conventions later this month.

The official unemployment rate did rise to 4.9 percent, from 4.7 percent, but that was largely because more Americans rejoined the work force. And average hourly earnings ticked up again, continuing a pattern of rising wages that brought the yearly gain to 2.6 percent.

“Wow, this one takes my breath away,” said Diane Swonk, an independent economist in Chicago.

http://www.nytimes.com/2016/07/09/business/economy/jobs-report-unemployment-wages.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region

[Recursion]

1. June always sees a big workforce increase

Because people graduate, and oddly enough that isn't included in the seasonal adjustment.