More people actually looking for jobs….
Wage gains are almost none though….
The U.S. economy added a solid 213,000 jobs in June, a stronger number than expected and a sign of the labor market’s steady strength even as concerns mount about President Trump‘s trade policy.
The unemployment rate ticked up slightly to 4 percent from 3.8 percent as more workers jumped into the labor market, the Labor Department reported on Friday.
The economy has added jobs for 92 straight months, beginning in October 2010 under President Obama, the longest streak on record.
Job gains also rose 37,000 more than previously reported in April and May.
“If any doubts lingered that slack in the labor force — the number of Americans on the sidelines waiting for a good opportunity — has been underestimated, they were quashed with this report,” said Robert Frick, corporate economist with Navy Federal Credit Union.
Unemployment rose as 601,000 people entered the labor market and not all of them found a job.
“This slack could be one reason why wage growth disappointed again,” Frick said…..
Note….
This is the 93rd straight month of job creation — the longest streak on record....
Trump’s tariffs /import fee’s kick in this month….
Will prices rise, affecting the economy and jobs?