The June jobs numbers were released on Friday.
213,000 jobs were created in June, well above the expected gain of 195,000.
The unemployment rate increased from 3.8% to 4.0% due to the fact that 601,000 Americans reentered the workforce.
#BreakingNews: The U.S. economy added 213,000 jobs in June with the unemployment rate rising to 4%. Wage growth remained steady at 2.7% even though hourly wages inched higher by 0.2%.#JobsReport https://t.co/H3oSEThQai pic.twitter.com/IiGKAILBzO
— FOX Business (@FoxBusiness) July 6, 2018
CNBC reported:
Nonfarm payrolls rose 213,000 in June and the unemployment rate was 4 percent, according to a government report Friday.
Economists surveyed by Reuters had expected a gain of 195,000 and the jobless rate to hold steady at 3.8 percent, which had been tied for the lowest since 1969.
In addition to the payroll gains, average hourly earnings rose 2.7 percent year over year, a bit below expectations of a 2.8 percent increase.
Read the full story from The Gateway Pundit
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