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U.S. jobs report beats expectations

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Yahoo Finance
Myles Udland
July 7, 2017


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%.


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.



    Hiring trends remain solid in the U.S. economy and the unemployment rate is just off post-financial crisis lows. (Source: BLS)


(more)
https://finance.yahoo.com/news/june-jobs-report-2017-120423027.html?soc_trk=gcm&soc_src=338950e1-cae3-359e-bfa3-af403b69d694&.tsrc

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