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The US Employment Situation - June 2017
Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining. Household Survey Data In June, the unemployment rate, at 4.4 percent, and the number of unemployed persons, at 7.0 million, were little changed. Since January, the unemployment rate and the number of unemployed are down by 0.4 percentage point and 658,000, respectively. (See table A-1.) Among the major worker groups, the unemployment rates for adult men ... (full story)
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Wage Weakness Amid Solid Hiring Adds to U.S. Economic Puzzle
U.S. hiring picked up in June while wage gains disappointed yet again, a mix that may continue to be a puzzle for the economy and policy makers, Labor Department figures showed Friday. Highlights of Employment (June) • Payrolls rose 222k (est. 178k); April-May revisions added 47k jobs • Unemployment rate, derived from a separate survey of households, rose to 4.4% (est. 4.3%) from 16-year low of 4.3% • Average hourly earnings rose by 0.2% m/m (est. 0.3% rise); up 2.5% y/y (est. 2.6%) Key Takeaways While payroll gains were broad-based and boosted by the biggest jump in government jobs in almost a year, wages were ... (full story)
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