Despite lower predictions, the U.S. economy added more jobs in June. Stock market holds steady in response.
July 3 The U.S. economy added seasonally adjusted 147,000 jobs in June despite lower predictions, the Bureau of Labor Statistics said Thursday.
The BLS’ monthly jobs report showed a slight uptick over May’s 139,000 increase. The estimate for the July report was 110,000 nonfarm jobs added.
The unemployment rate dipped to 4.1%, which is lower than the expected increase of 4.3%. The rate that includes discouraged workers and part-time workers slid to 7.7%. There are 7 million unemployed people in the United States. The jobless rate dropped due to fewer workers looking for jobs.
