USA jobs growth stronger than expected


Professional and business services, manufacturing, health care, construction, and mining all added jobs in June. When a worker enters the labor force after spending a long period of time outside the labor force (that is, extreme long-term unemployment or being outside the labor force for other reasons), they are counted as long-term unemployed (that is, unemployed for 27 weeks or longer, but now looking for work).

The Labor Department said that average hourly earnings rose five cents, or 0.2% in June after increasing 0.3% in May.

The unemployment rate moved up last month despite the addition of new jobs because almost 76,000 more people entered the workforce.

As IJR previously reported, the economy saw many milestones during Trump's presidency.

FBN's Edward Lawrence breaks down the June jobs report.

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His father was also kidnapped in 2011, when the kidnappers demanded a $4 billion ransom from Chelsea. I was told that they would shoot my dad instantly if I reported to the authorities or told anybody".

The EPOP for Hispanics rose 0.4 percentage points to 63.4 percent, a new high for the recovery, while their unemployment rate fell to 4.6 percent, the lowest on record.

The broader USA economy appears sturdy. Some economists project economic output rose at better than 4% annual pace in the second quarter for the first time since 2014. The labor force participation rate is still hovering near historic lows.

It would also be important to watch secondary indicators of employment that are not as impressive as the headline unemployment rate, such as the share of people who are working part-time but would prefer full-time jobs. But retailers shed 21,600 jobs, with the losses concentrated at general merchandise stores. And as executives say they can not find enough qualified workers, many are turning to hiring people who are now incarcerated or people with disabilities. Retail sales jumped a strong 0.8 percent in May in a sign that consumers feel secure enough to spend. President Donald Trump's tax cuts have provided a dose of stimulus this year, but the benefits have been tilted significantly toward wealthy individuals and corporations.

The previous record was 4.8% back in 1973. "This generates a rising standard of living and strong income growth". Trump has spoken about slapping tariffs on imported cars, trucks and auto parts, which General Motors has warned could hurt the US auto industry and drive up vehicle prices.