The June jobs report from the BLS is out. Following a positive ADP report, we see an increase of 288,000 non-farm private sector jobs added to the economy.
The Wall Street Journal also reported that:
The Wall Street Journal also reported that:
May's gain was revised up to 224,000 from 217,000, while April's improvement was upgraded to 304,000 from 282,000. That was the strongest gain since January 2012.
The revised reports from May and April, plus June's official U.S. Department of Labor stats continue to show promise that we are rebounding. As I write this blog post, CNN also reported that the Dow surpassed the psychological 17,000 today.
Although job gains are still mostly coming from the traditional low-paying sectors: retail (+40k) and leisure and hospitality (+39k), economists and analysts continue to show increased confidence due to the skilled laborer increases - such as manufacturing (+16k) and construction (+6k).
To learn more, read WSJ's story from today by Jonathan House and Ben Leubsdorf.
Although job gains are still mostly coming from the traditional low-paying sectors: retail (+40k) and leisure and hospitality (+39k), economists and analysts continue to show increased confidence due to the skilled laborer increases - such as manufacturing (+16k) and construction (+6k).
To learn more, read WSJ's story from today by Jonathan House and Ben Leubsdorf.
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