U.S. Added 213,000 Jobs in June; Unemployment Ticks Up to 4% [View all]
Last edited Fri Jul 6, 2018, 11:06 AM - Edit history (2)
Source: New York Times
The Labor Department released its monthly hiring and unemployment figures on Friday morning, providing one of the better snapshots of the state of the American economy.
The Numbers
■ 213,000 jobs were added last month. Economists had expected a gain of about 200,000.
■ The unemployment rate rose to 4 percent, from 3.8 percent.
■ Average hourly earnings rose by 0.2 percent after growing by 0.3 percent in May. The year-over-year gain is now 2.7 percent.
The Takeaway
Arriving on the ninth anniversary of the recession's end, the latest jobs numbers cap a string of encouraging economic reports. Many estimates for growth in the second quarter are bouncing above 4 percent. The manufacturing sector buzzed with activity last month, and spending on construction rose. New jobless claims are dragging along at historically low levels. And many consumers displayed their confidence in the economy by kicking off the summer with a new car purchase.
Read more: https://www.nytimes.com/2018/07/06/business/economy/jobs-report.html
Am guessing my buddy is running late but will update...
Edit to add - for all the juicy details see these -
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