US unemployment rate was 3.6% in June, 209,000 jobs added

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Finance Finance Headlines News

The job market slowed down a bit in June, with 209,000 jobs added

was revised from 339,000 to 306,000. April's growth saw another revision, from 294,000 to 217,000 per the latest news release.

"The June jobs report will essentially 'close the book' on the job market for the first half of the year, leaving aside future revisions of the data," Mark Hamrick, senior economic analyst at Bankrate said ahead of Friday's report."With everything that's been thrown at the economy, it is remarkable that jobs creation has been as solid as it has been, and that the nation's unemployment rate remains so low.

Julia Pollak, chief economist at ZipRecruiter, told Insider that Friday's report was solid, yet"it did not deliver the heat I was expecting to see" despite what's going on in the economy and day-to-day life, such as people heading to concerts,"the recent rebound in consumer confidence and the massive lines at airports."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines