and stoked expectations on Wall Street that the Federal Reserve would cut interest rates soon.
The average wage paid to American workers rose 6 cents to $27.90 an hour. The 12-month rate of hourly wage gains was unchanged at 3.1%. Stocks have surged to record highs in the past few weeks on relaxed trade tensions with China and hopes the Fed would lower interest rates, but now a rate cut might be in doubt.What happened: The increase in hiring was widespread. Professional firms hired 51,000 people, health-care providers added 35,000 jobs and transportation and warehouse companies boosted payrolls by 24,000.
EnemyOfThePeople
How can marketwatch get doom and gloom from great news?
Nothing like showing MediaBias in business news headlines.
I love how the press uses headlines. Said another way. New job blows past estimates, creating a whopping 224k jobs in June while unemployment stays relatively same at 3.7%. cvpayne