U.S. non-farm payrolls add 288K jobs in June; jobless rate falls to 6.3 percent

Nathan Andrada – Fourth Estate Cooperative Contributor

Washington, DC, United States (4E) – The U.S. economy’s job creation was more robust in June and the unemployment rate declined, signaling that the labor market is strengthening as the economic rebound enters its sixth year.

Non-farm payroll employment gained by 288,000 jobs in June, according to the Labor Department, surpassing economist forecast for an increase of around 210,000 jobs.

Thursday’s report also showed that job gains in the previous two months were upwardly revised, with employment rising by 304,000 slots in April and 224,000 slots in May. The upward revision reflected a net gain of 29,000 jobs.

The higher than anticipated job growth helped drive down the unemployment rate further to 6.1 percent in June from the previous month’s 6.3 percent.

The job gains in June were broad-based, though bulk of the increase came from lower-wage sectors. The retail industry added around 40,000 new positions while leisure and hospitality businesses gained 39,000.

Higher-paying sectors remain a laggard in the jobs recovery, with manufacturing hired 16,000 and construction gained 6,000.

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