US Employers Added 213,000 Jobs in June

US Employers Exceeded Expectations

US Employers Added 213,000 Jobs In June, Exceeding Expectations.

Bloomberg News (7/6, Dmitrieva) reported that “US hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding.” The Labor Department announced Friday that “nonfarm payrolls climbed 213,000 after an upwardly revised 244,000 advance,” adding that the data exceeding expectations, as “the median estimate of analysts surveyed by Bloomberg called for a gain of 195,000 jobs.” The AP (7/6, Boak) reported that US employers “kept up their brisk pace of hiring in June, reflecting the durability of the second-longest US economic expansion on record even in the face of a trade war with China.” Commenting on the composition of the job gains, The New York Post (7/6, English) quoted Allianz Global US Investment Strategist Mona Mahajan saying the business sector was “encouraged by the robust manufacturing jobs [gains] figure of 36,000.” MarketWatch (7/6, Bartash) reported, “Businesses can’t find enough talent to fill a record number of job openings, but they are still hiring aggressively,” adding that the job gain reported by the Labor Department “topped the 200,000 forecast of economists polled by MarketWatch.” Reuters (7/6, Mutikani) reported that “the US economy created more jobs than expected in June,” adding that “manufacturers stepped up hiring.” JP Morgan Stanley Economist Michael Feroli called that data “good news insofar as it suggests the economy still has some capacity to grow at an above-trend pace.”

  • 10 July 2018
  • Author: Cynthia
  • Number of views: 119
  • Comments: 0
Categories: BlogNews