Jobs Joe is at it again. The economy is much stronger than people are crediting. Recession fears are admittedly high but job growth doesn’t show any signs of letting up. Fingers crossed supply chain pulls us out of the single issue of costs.
Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness.
Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data Friday from the Bureau of Labor Statistics.
The unemployment rate was 3.6%, unchanged from May and in line with estimates.
Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears
Nonfarm payrolls were expected to increase by 250,000 in June, according to Dow Jones estimates.
www.cnbc.com
Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness.
Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data Friday from the Bureau of Labor Statistics.
The unemployment rate was 3.6%, unchanged from May and in line with estimates.