Friday, July 8, 2016
U.S. Economy Adds 287K Jobs In June - Unemployment Under 5% For Nine Straight Months
The Bureau of Labor Statistics reported this morning that the U.S. economy added 287,000 jobs in June.
The unemployment rate moved up .1 to 4.9%. The upward tick is actually good news as it means more people were actively looking for jobs.
These numbers show the unemployment rate has remained under 5% for nine months, the first such period in 8 years.
Last month was the 69th consecutive month of positive job growth - the longest continuous period of job growth in the U.S. in the country's history.
Posted by Randy Slovacek at 8:29 AM