Strong Gains in June Jobs Report

The U.S. economy added 222,000 jobs in June, more than anticipated. April and May reports were revised upward to 207,000 and 152,000 respectively. According to the Bureau of Labor Statistics, during the first six months of this year the economy has added over 1,100,000 new jobs.

The unemployment rate ticked up a tenth of a percent to 4.4% which is steady, if not slightly good news. More people are re-engaging in the labor market as they look for employment (which affects the unemployment rate). In the course of time, there should start to be a rise in the labor participation rate which has been at historic lows for an extended period of time.

For job seekers, the trend of job creation is positive news. The jobs market is healthy and for those that have the requisite skills needed by employers and execute an effective job search strategy, opportunities are available and can be found.

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