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MNI BRIEF: US June Jobs Stronger-Than-Expected 372k; AHE 0.3%

(MNI) Washington

Wage growth slowed a tenth from May and the unemployment rate was steady at 3.6%.

U.S. employers added a strong 372,000 jobs in June, just barely slowing from the 384,000 added in May and above the 275,000 economists expected even as the economy showed signs of slowing. The unemployment rate remained steady at 3.6%, the Bureau for Labor Statistics said Friday.

Average hourly earnings rose by 0.3% over the month, a tenth slower from May’s figure. Labor force participation and the employment-to-population ratio ticked down by 0.1pp and 0.2pp, respectively.

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U.S. employers added a strong 372,000 jobs in June, just barely slowing from the 384,000 added in May and above the 275,000 economists expected even as the economy showed signs of slowing. The unemployment rate remained steady at 3.6%, the Bureau for Labor Statistics said Friday.

Average hourly earnings rose by 0.3% over the month, a tenth slower from May’s figure. Labor force participation and the employment-to-population ratio ticked down by 0.1pp and 0.2pp, respectively.

Keep reading...Show less