Jobs Created In June

The unemployment rate rose slightly to 4.4 percent from 4.3 percent - a 16-year low that was hit in May.

The jobless rate rose because more Americans began looking for work and not all of them found it.

The economy needs to create 75,000 to 100,000 jobs per month to keep up with growth in the working-age population. That's just an incredible achievement.

"The payroll number is well above expectations", Jim O'Sullivan, chief United States economist for High Frequency Economics, told The New York Times.

Franchise operations added 18,800 jobs in June, including 6,300 in auto parts and dealers, according to ADP. The level of joblessness suggests that the U.S. economy is at or very near to full employment, or the point at which almost all job seekers have found work.

That's pretty much what President Trump - and all presidents before him - have done.

In spite of many apparent obstacles - notably the decline of brick-and-mortar retail and lethargic vehicle sales - the US labor market perseveres and excels. Roughly 10,000 Americans turn 65 every day.

"Wages make up a large portion of the total cost bill for many companies, and that affects prices", he said.

All of this is better news than in recent reports. "Wage growth may resume accelerating later in the year".

Wall Street basically shrugged at the jobs report - and kept on rising.

Home sales are chugging along, though a shortage of properties for sale suggests that the pace of purchases could flag.

Since past year, wages have grown 2.5 percent.

Republican President Donald Trump, who inherited a strong job market from the Obama administration, has pledged to sharply boost economic growth and further strengthen the labour market by slashing taxes and cutting regulation.

The Federal Reserve raised rates by a further 0.25 per cent last month to 1-1.25 per cent.

Eight years after the recession ended, the U.S. economy is steadily churning out jobs.

Express Employment Professionals puts people to work.

Of those looking to hire, 85% said they had trouble finding qualified workers. The U.S. added 207,000 jobs in April, an upward revision of 33,000. Employers had more applicants to choose from.

Economists say the president has probably not been in office long enough to have much of an influence on the economy - and that the economy that Trump is now presiding over looks almost identical to that at the end of the Obama administration. "It's nice to see the number jump back up...but wage growth is not going higher". Consumers report being more confident, but their actual spending hasn't accelerated.

"It just takes time", Zandi said.

The May jobs report booked an extra 14,000 net new jobs, bringing the month's total to 152,000. And many men in the area rely on disability benefits, he added.

Job gains were likely broad in June.

Employment in mining rose by 8,000 in June, with most of the increase coming in support services.

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