Economic Report: Hiring roars back in June with 287,000 gain in new jobs
U.S. stock futures surge on better-than-expected jobs report
Nonfarm payrolls increased by a seasonally adjusted 287,000 in June, the Labor Department said, the strongest month of hiring since last October.
The unemployment number came in at 4.9%. The jobless rate has consistently been at 5 percent or less since last fall.
More unemployed workers found jobs than stopped looking in June. First time since March.
@WenzelEconomics when I read the jobs numbers moments ago I heard a voice in the back of my head, "This is not what a recession looks like"— Chris Barcelo (@EconomicCents) July 8, 2016