Job Growth Surges, Unemployment Rate Near Six-year Low in US

Job Growth Surges, Unemployment Rate Near Six-year Low in US

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Ford factory worker woman in pink-FORD

From a Reuters report this morning:

U.S. employment growth jumped in June and the jobless rate closed in on a six-year low at 6.1%, decisive evidence the economy was moving forward at a brisk clip after a slump at the start of the year.

Nonfarm payrolls increased by 288,000 jobs, the Labor Department said on Thursday. Data for April and May were revised to show a total of 29,000 more jobs created than previously reported.

“It’s an extremely bullish report. It’s a report that really checks off all the positive boxes. I don’t think you could have asked for a stronger read,” said Jacob Oubina, senior U.S. economist at RBC Capital Markets in New York.

(READ the story from Reuters)

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