The Bureau of Labor Statistics monthly jobs report was issued today:
THE EMPLOYMENT SITUATION — JUNE 2014
Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by employment growth in professional and business
services, retail trade, food services and drinking places, and health care….
From Jared Bernstein:
Jobs Report, First Impressions: A Strong June for the Job Market
July 3rd, 2014 at 9:16 am
Payrolls were up 288,000 and the unemployment rate ticked down to a near six-year low of 6.1% last month, according to today’s employment report from the BLS (a rare Thursday edition due to the holiday weekend). It’s an unquestionably strong report, with industries across the economy posting job gains. Adding to the positive news, job growth estimates for the prior two reports were revised up by 29,000, implying an underlying average growth pace of 272,000 for payrolls in the second quarter of the year.
Unlike some prior months when the jobless rate came down, June’s unemployment rate fell for the “right reasons:” not more people leaving the labor force, but more people getting jobs….
Representative Vicky Hartzler (r) has yet to take to Twitter to highlight the positive news:
We’re not holding our breath.
Rep. Vicky Hartzler (r): doubling down (February 5, 2014)