June 2019 Jobs Report
Summary from the AllSides News Team
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From the Center
U.S. Job Creation Bounced Back in June
WASHINGTON—U.S. employers added jobs at a robust pace in June, easing fears of a hiring slowdown and showing a strong labor market could propel a domestic economy facing threats from abroad.
Nonfarm payrolls rose by 224,000 in June, the Labor Department said Friday. The jobless rate last month ticked up to 3.7% in part because more Americans entered the labor force to look for a job. Wages advanced 3.1% from a year earlier, consistent with the prior month’s pace.
Hiring was stronger than expected. Economists surveyed by The Wall Street...
From the Left
US economy adds 224,000 jobs in June
The US economy added 224,000 jobs in June, a strong comeback for the labor market after a disappointing May.
The unemployment rate rose to 3.7%, the highest level since March 2019 but still historically low.
The number substantially beat the expectations of analysts, who had forecast a drag on jobs because of business uncertainty around high trade tensions as well as a lackluster housing market.
Adding to the positive story, 335,000 people entered the labor force in June — substantially more than usual — which may have been what pushed...
From the Right
US job growth rebounds with 224,000 created in June, quelling fears of economic slowdown
US employers added 224,000 jobs Opens a New Window. in June, beating Wall Street Opens a New Window. ’s expectations of 160,000 likely quelling some concerns about an impending economic slowdown on the heels of a worse-than-expected month for job creation.
The unemployment rate ticked up slightly at 3.7 percent, while the labor force participation rate was also little unchanged at 62.9 percent. Average hourly earnings, meanwhile, rose by 6 cents to $27.90. Over the year, average hourly earnings have increased by 3.1 percent, slightly missing expectations of 3.2 percent growth.
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