Friday, July 07, 2017

Great Again: USA adds 222K jobs to economy

During the presidential campaign President Trump did say that we would start winning again.

From Yahoo! News:
The June jobs report is out and it's a beat.

The economy added 222,000 jobs in June, more than expected, while the unemployment rate rose slightly to 4.4%. Over the last three months jobs gains have now averaged 194,000 per month.

The uptick in the unemployment rate comes as the labor force participation rate also rose slightly, to 62.8% from 62.7% in May. Average weekly hours worked also rose to 34.5 from 34.4.

Economists were expecting there to be 178,000 jobs added to the economy in June while the unemployment rate was set to remain at 4.3%, a post-financial crisis low.

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