新闻分类
Your present location:Home >> Company news >> U.S. job gains beat forecast, unemployment rate unchanged at 7.6 pct in June

U.S. job gains beat forecast, unemployment rate unchanged at 7.6 pct in June

Number of visits: Date:2016-09-09 15:19:17

The United States added better- than-expected 195,000 jobs to nonfarm payrolls in June, while the unemployment rate held steady at 7.6 percent, showed official data released Friday, painting a somewhat upbeat picture of the labor market.
Job creation in June was stronger than what analysts had expected, matching the revised level of job gains in May. It was in line with the average monthly gain of 182,000 over the prior 12 months, the Labor Department said.
The private payrolls grew by 202,000 in June, while states and the federal government continued to shed jobs. Employment increase concentrated in sectors like leisure and hospitality, professional and business services, retail trade and health care.
One bright spot of the report was the fact that about 177,000 jobless Americans came off the sidelines and joined the labor force, a sign they had higher hopes for job market prospects.
June's labor force participation rate, the gauge for people either working or seeking jobs, inched up from 63.4 percent in May to 63.5 percent. Still, it was significantly below the 66 percent level that prevailed before the recession.
The number of unemployed Americans stayed virtually unchanged at 11.8 million in June, and about 4.3 million of them have been jobless for at least 27 weeks.
In addition, revisions to April and May showed employers added a combined 70,000 more jobs than previously estimated.
Jobs numbers have been closely watched as they are not only an indication of overall economic momentum but also related to the timing of the Federal Reserve's decision to start scaling back its massive monetary stimulus.
The Federal Reserve policymakers have said they will start to trim the 85-billion-U.S. dollar monthly bond purchasing program before the end of the year, provided unemployment falls and economy unfolds as expects.
Fed chairman Ben Bernanke said last month he expected the jobless rate to be around 7 percent when the Fed stops buying bonds. The Fed also pledged to keep the short-term interest rates at the near zero range until the unemployment rate drops to 6.5 percent.
"While more work remains to be done, today's employment report provides further confirmation that the U.S. economy is continuing to recover from the worst downturn since the Great Depression," said Alan Krueger, chairman of the Council of Economic Advisors.
"The economy has now added private sector jobs for 40 consecutive months, and a total of 7.2 million jobs has been added over that period," he said in a statement following the jobs report.
"Recent payroll gains are considerably faster than what is needed to push down the unemployment rate," said Gary Burtless, a senior fellow with the Brookings Institution.
However, he expressed concerns over the manufacturing sector which lost 6,000 jobs in June, its fourth straight month of small declines.
Economic Policy Institute economist Heidi Shierholz cautioned that although the current job growth rate is "an improvement," the wage growth is still substantially lower than the pre-recession level. "Job growth in low-wage sectors was again relatively strong in June, which is typical when the labor market is so weak."

TypeInfo: Company news

Keywords for the information:U.S. job gains beat forecast  unemployment rate unchanged at 7.6 pct in June