Money

Unemployment rate at 4.9 pct

Written by Teunis Felter

The U.S. created 287,000 jobs in June, massively topping analyst expectations.The national unemployment rate rose slightly more than expected in June, to 4.9 percent.  Jobs watchers had been expecting Friday’s jobs report to show a substantial rebound from May’s unexpectedly weak growth, but the June number easily topped expectations. Economists surveyed by Reuters said they were, on average, expecting nonfarm payrolls to show growth of 175,000 for June, and the unemployment rate to rise to 4.8 percent.

http://www.cnbc.com/2016/07/08/us-created-287k-jobs-in-june-vs-175k-expected-unemployment-rate-at-49-pct.html

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.