The job market heated up, as employment increased by 850,000 in June, according to the United States Bureau of Labor Statistics.
The job market heated up, as employment increased by 850,000 in June. The unemployment rate rose to 5.9%, according to the United States Bureau of Labor Statistics. This may be due to more entrants into the job market, which is a good sign of people feeling more confident that they can find a new job. Job gains were robust in the once-beaten-down sectors, such as leisure and hospitality. Public and private education, professional and business services, retail trade and other services rose too. The number of unemployed persons—9.5 million—were little changed in June.
