Last Friday, July 6th, the US Bureau of Labor Statistics released its June jobs report.
In June, the United States economy added 213,000 jobs.
Last month, unemployment rose by 0.2%, from 3.8% in May to 4.0% in June. It is still near historically low levels.
Work force participation rose by 0.2% last month, bringing the total level to 62.9%.
Average hourly wages are 2.7% higher than they were last year. This number is considered by many to be stubbornly low, especially since prior to the recession, annual wage growth was well over 3% for hourly workers.
Since unemployment is so low, many economists are hoping to see wage growth accelerate over the coming months.
Food For Thought
How should you interpret the numbers in the June jobs report?