The jobs report disappointed recent upward revisions with nonfarm employment increasing 80K from May to June, with the private sector creating 84K new jobs. Construction jobs, which we wrote about in our last post, disappointed coming in with just a 2k increase with last month revised down another 7k.
Here’s the BLS,
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month.
The number of unemployed persons (12.7 million) was essentially unchanged in June, and the unemployment rate held at 8.2 percent.
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