Job Gains Top 200,000 for 2nd Straight Month

Job Gains Top 200,000 for 2nd Straight Month

Employment growth was strong for a second consecutive month in June as the economy added 213,000 jobs despite worker shortages and mounting USA trade tensions. The Labor Department also revised its estimates for job growth in May, going from a previous estimate of 233,000 new jobs to 244,000 jobs new jobs.

In June, the USA unemployment rate unexpectedly rose to 4% from 3.8% the month before, coming off an 18-year low. Average hourly earnings rose 0.2 percent from the prior month - less than forecast for the second-straight 0.3 percent gain - while the jobless rate increased to 4 percent from 3.8 percent, the first rise in nearly a year. The manufacturing sector buzzed with activity last month, and spending on construction rose. Wages missed forecasts, with the relatively tepid pace remaining a puzzle for economists. An acceleration of this rate would have shown that employers were indeed paying up for the skilled workers they say are in decreasing supply. Trump oversaw a steadily-declining unemployment rate which eventually reached its lowest level since 2000.

Every sector of the economy added workers in June except retail, which lost 22,000 jobs to offset gains in May.

Hanging over the labor market are President Trump's tariffs on goods from some of America's largest trading partners, along with retaliatory charges.

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Sources say Collins specifically opposes federal Appeals Court Judge William Pryor, who once called Roe "an abomination". The Quinnipiac poll said voters wanted the high court to be a check on Trump by 65 percent to 24 percent.

Altogether, the data depicted a labour market that's not as tight as previously thought, easing any pressure on Federal Reserve policy makers to step up the pace of interest-rate hikes and potentially heartening employers who have had difficulty finding skilled workers. Housing starts have climbed 11 percent so far this year.

"Several Western states have seen significant civilian labor force growth between April 2017 and April 2018, and this is due to several startups moving out west along with a strong job market hiring at record rates", explained the GOBankingRates.com rep.

The economy continues to show many signs of strength despite the brewing trade war. Fed officials last month boosted the number of interest-rate hikes they expect in 2018 to four from three. Some 600,000 people entered the labor force in June, the Labor Department said.

A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they can not find full-time employment, rose to 7.8 percent last month from a 17-year low of 7.6 percent in May. "There were some people who weren't participating in the labor force who are now being encouraged to return, so I'm not concerned about the uptick in unemployment", said Catherine Barrera, chief economist of the online job site ZipRecruiter. On the same day as the release of June's jobs report, the USA and China are imposing duties on more than $30 billion-worth of each other's goods.

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