US employers add 222000 jobs; jobless rate rises to 4.4 percent

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Data for April and May was revised show 47,000 jobs created than previously reported. As more people look for jobs, the unemployment rate may rise. Social assistance employment rose 23,000, while payrolls increased 17,000 in financial activities and 8,000 in mining. The unemployment rate picked up for the right reasons.

Also, the unemployment rate among workers who are eligible for benefits held at 1.4 percent on the week.

US employers added a seasonally adjusted 1.1 million jobs during the first six months of 2017, the Labor Department said Friday.

For the first few months of Trump's administration, the jobs numbers are easily better than those from Obama's first few months, because Obama's were totally awful thanks to the Great Recession. Over the past three months, the country has averaged 194,000 added jobs per month. Patrick Conway told InsideSources.

"Strong jobs growth should eventually translate into higher wages, but it is taking time to do so".

"That said, for now, the wage data are tame enough to keep the debate about the relationship between slack and inflation very much alive".

That was up seven-tenths of a percentage point from the 6.9 percent recorded in April and from 6.9 percent recorded a year ago in May 2016. "The overall rate can go up a bit from here". Employment usually lags growth, though, which is why the May results were disconcerting. The participation rate in the labor force rose a notch last month. Barbera adds robust growth is unlikely since groups like student adults and retirees can account for most workforce dropouts. James Tierney told InsideSources. More surprising is the fact that the 10-year T-note yield has jumped 25 basis points in a matter of just two weeks.

The job-creation trend seems to show employers anticipating a stronger Q2 and Q3, but not explosive growth. The employment-population ratio for prime age adults hasn't regained what it lost since the last recession, but it has at least made up most of the difference.

Employment in food services and drinking places also continued to increase in June, gaining 29,000.

The U.S. labor market has been a bright spot in a long recovery marked by slow overall growth.

While the unemployment rate rose to 4.4 per cent from a 16-year low of 4.3 per cent, that was because more people were looking for work, a sign of confidence in the labour market. They could instead address the lingering issues directly like wage growth and productivity. June's rate hike was just the the fourth since the Great Recession. It fell to an average of 1.2 percent in the decade since.

"This is not a market we have typically seen", said staffing executive Michael Stull. Do you think things will continue to increase or will there be a drop in jobs? Still, that hiring maintained last year's pace runs counter to many economists' expectations for a gradual easing in the face of a smaller supply of workers. Wages are only growing slowly, despite the historically low jobless rate.

Gains in pay, however, were a disappointment and could fuel disagreements among Fed policymakers about the dangers of inflation.

However, the U.S. unemployment rate ticked higher to 4.4 per cent, from 4.3 per cent previously, and earnings were up only 2.5 per cent year on year, slightly lower than expected.

Employment Screening Resources® (ESR) - a global background check firm - can help employers in any industry fill jobs with background checks. Mining employment grew nearly 8% in June from a year earlier.

The jobs report arrives against the backdrop of an overall mixed picture of the US economy.



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