The numbers: The U.S. added a robust 224,000 new jobs in June, rebounding from a recent lull and calming worries about the health of an economy now entering a record 11th year of expansion.Improved hiring last month dispels for now the threat of a dramatic slowdown in growth for an economy that just this month set the record for longest expansion ever. Ongoing U.S.
Retailers had no such luck: They shed another 6,000 jobs to continue a recent string of declines. Local-government hiring led to a 33,000 surge in public-sector payrolls. The initial 75,000 increase in new jobs in May that so worried Wall Street was revised down to 72,000.
Source: Financial Digest (financialdigest.net)
Thanks, Obama!
According to Trump job reports were fake, until 2016, so you guys need to fix your graphs.
And the market hated it. LOL Good News is bad news, bad news is good news....no rate cut coming.
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