Hispanic Unemployment Falls to LOWEST LEVEL in US HISTORY — RECORD SMASHED

Here comes the jobs report...

The U.S. economy added 213,000 jobs in June, as unemployment rose to 4 percent

A closer look at the June numbers shows Canada added 9,100 full-time jobs in June and 22,700 part-time positions.

The U.S. economy added 213,000 jobs in June while the unemployment rate rose to 4%, according to the latest figures from the Bureau of Labor Statistics.

At the same time, the unemployment rate rose to 4 per cent from 3.8 per cent, the government said Friday, as more people began looking for a job and not all of them found one.


Average hourly earnings rose five cents, or 0.2 percent in June after increasing 0.3 percent in May.

Wages were being carefully watched by economists for signs of inflationary pressures building in the economy, with average hourly earnings forecast to have risen 0.3% over last month in June and 2.8% over the same month a year ago.

A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they can not find full-time employment, rose to 7.8 per cent last month from a 17-year low of 7.6 per cent in May. Trump oversaw a steadily-declining unemployment rate which eventually reached its lowest level since 2000.


"As the labor market tightens we should see more businesses raisings wages, offering training, and hiring workers from all corners of the labor market", she added. "Consumer perceptions of the labor market also remain near multi-decade highs". It had declined for three months in a row. But retailers cut 21,600 jobs last month, after boosting payrolls by 25,100 in May. President Donald Trump's tax cuts have provided a dose of stimulus this year, but the benefits have been tilted significantly toward wealthy individuals and corporations. "This generates a rising standard of living and strong income growth". In other words, only longer-term unemployed workers drove the higher unemployment rate.

The U.S. economy faces potential drags going forward, including escalating trade disputes with major trading partners such as the European Union, China, Canada and Mexico. Restaurants added 16,400 jobs in June, under the average of 18,400 over the year.


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