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Quote:US nonfarm payrolls total 222,000 in June vs 179,000 expected
Quote:The U.S. job market roared back to life in June, with a better-than-expected 222,000 new positions created in June while the unemployment rate held at 4.4 percent, according to a government report Friday.NO! Obama had Nothing To Do With These Numbers!
Economists surveyed by Reuters had been expecting nonfarm payrolls growth of 179,000 and the unemployment rate to be 4.3 percent.
Wage growth, however, remained muted, with average hourly earnings rising 2.5 percent on an annualized basis, essentially unchanged from the previous month. On a monthly basis, the rise was 0.2 percent, which actually was a shade below the 0.2 percent expectation.
The average work week edged higher, rising 0.1 hours to 34.5.
The report "is another illustration that the real economy is in good health," said Paul Ashworth, chief U.S. economist at Capital Economics.
"The only disappointment is that wage growth still shows few signs of accelerating."
The jump in payrolls came following a disappointing May that saw an increase of just 152,000.
However, even that number was revised up from an initially reported 138,000, and April was revised upward as well, from 174,000 to 207,000.
Source
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