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US created 287K jobs in June vs. 175K expected, unemployment rate at 4.9 pct.
The U.S. created 287,000 jobs in June, massively topping analyst expectations.
The national unemployment rate, meanwhile, rose slightly more than expected in June, to 4.9 percent, according to data released Friday by the Bureau of Labor Statistics.
Jobs watchers had been expecting Friday's jobs report to show a substantial rebound from May's unexpectedly weak growth, but the June number easily topped expectations.
Last edited by DollyLongstaff (7/09/2016 3:39 pm)
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The Wall St Journal:
U.S. Stocks Surge After June Jobs ReportS&P 500 near record high after non farm payrolls increased by 287,000 in June.