The U.S. economy added a solid 222,000 jobs in June, according to the latest BLS report.
Fears of an economic slowdown were quelled as the U.S. economy added a solid 222,000 jobs in June, more than the 178,000 that economists were expecting, according to the latest BLS report released today. Meanwhile, the unemployment rate ticked up slightly to 4.4 percent.
Three things to know from today’s BLS report
Reactions to the report: Reactions to this morning’s BLS report were mostly positive.
According to The New York Times: “The labor market roared back in June, with a hefty monthly gain in jobs, and revisions that added 47,000 more jobs to April and May than previously reported. … Although the unemployment rate ticked up from the previous month, it did so because more people joined the work force.”
According to The Wall Street Journal: “The economy added a seasonally adjusted 222,000 jobs in June, the largest increase since February, and stronger than what economists expected. Meanwhile, revisions showed job growth was better in April and May than previously thought.”