Jobs Report - June 2017
This morning, the Department of Labor reported that the U.S. economy added 222,000 jobs in June, well ahead of expectations. The unemployment rate increased to 4.4% because more people were looking for work, a sign of confidence. Wage growth continues to be a concern, only growing 2.5% in June, suggesting some slack still remains in the labor market.
Here are my thoughts on the report and what it likely means for the rest of the year.