Skip to Content

Hiring roars back in June with 287,000 gain in new jobs

July 8, 2016 In The News 1 min read
Authors:
Jim Baird Wealth Management

Hiring in the U.S. roared back in June with a gain of 287,000 new jobs, largely putting to rest lingering worries that the labor market and broader economy had taken a turn for the worse.

The sharp rebound in hiring last month fits with other evidence, including extremely low layoffs and record job openings, that suggest the labor market remains the healthiest it’s been in years. The June jobs report also offers confirmation the U.S. economy is expanding at a moderate pace and keeping a seven-year-old recovery intact.

Economists polled by MarketWatch had forecast a 170,000 increase in new nonfarm jobs, an estimate that included about 35,000 Verizon employees returning to work after a prolonged strike.

Related Thinking

Empty store with clothes hanging
March 31, 2023

Consumer sentiment declined in March

Blog 2 min read
People standing in a room talking
March 30, 2023

Q4 GDP shows solid growth despite a weaker consumer

Blog 3 min read
Two people sitting at table outside looking at computer
March 27, 2023

How has the recent stress in the banking sector affected Fed policy?

Blog 1 min read