GREAT AGAIN: +222,000 JOBS IN JUNE…

How about them apples! And the total so far?

tomfernandez28's Blog

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Nonfarm payrolls jumped 222,000 in June, against expectations of 179,000.

By Jeff Cox

The U.S. job market roared back to life in June, with a better-than-expected 222,000 new positions created in June while the unemployment rate held at 4.4 percent, according to a government report Friday.

Economists surveyed by Reuters had been expecting nonfarm payrolls growth of 179,000 and the unemployment rate to be 4.3 percent.

Wage growth, however, remained muted, with average hourly earnings rising 2.5 percent on an annualized basis, essentially unchanged from the previous month. On a monthly basis, the rise was 0.2 percent, which actually was a shade below the 0.2 percent expectation. The average work week edged higher, rising 0.1 hours to 34.5.

The report “is another illustration that the real economy is in good health,” said Paul Ashworth, chief U.S. economist at Capital Economics. “The only disappointment is that wage growth still shows few…

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Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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