Another strong jobs report. Here's why unemployment jumped

Nancy Pelosi gavel

U.S. non-farm payrolls increased by rose by 213,000 jobs last month, the Labor Department said today.

The U.S. economy added 213,000 jobs in June, cueing to the growth momentum employers are capitalizing on, despite mounting concerns of a potential global trade war. With less than half of new job seekers finding work, the labour force increase boosted the unemployment rate to an eight-month high of 6 per cent. Employment jumped by 31,800 last month.

Wages were being carefully watched by economists for signs of inflationary pressures building in the economy, with average hourly earnings forecast to have risen 0.3% over last month in June and 2.8% over the same month past year.

The growing optimism that people can find work suggested that the 9-year old US economic expansion - the second-longest on record - has the momentum to keep chugging along.

The Fed is also gradually raising interest rates, easing off the extraordinary efforts it took to stimulate the economy after the Great Recession and looking instead to ward off future spikes in inflation.

Although the report for June was far from uniformly strong, it will reinforce the perception that the USA will continue to outpace other countries and should be able to navigate trade policy uncertainties as long as they don't lead to a full-blown global trade war.

Because it means that more people are starting to look for jobs.

Economists say the effects could include companies freezing future investment and potentially additional hiring, which would eventually have a cooling effect on the jobs figures in coming months.

USA service member killed, 2 wounded in 'apparent insider attack' in Afghanistan
Additional information was not immediately available and the incident was under investigation. An insider attack would indicate one carried out by a member of the Afghan security forces.

Despite a relatively tight labour market, wage growth remains stuck in the 2 per cent range, with the annual gain of 2.7 per cent unchanged from May.

The national jobless rate climbed 0.2% last month.

The big news from the Labor Department's employment report Friday is that 601,000 Americans re-entered the workforce in June.

Even nicer, another 37,000 new jobs were added to April and May.

A healthy gain of 31,800 jobs last month wasn't enough to keep Canada's unemployment rate from rising to six per cent as more people searched for work.

Nearly half of June's construction jobs increase (+13,000) occurred in the "heavy and civil engineering" category, +6,000. It's the 93rd consecutive month of job gains, an impressively long and strong stretch of growth.

Just hours before the monthly reports came out, the Trump administration imposed tariffs on $34 billion worth of Chinese imports, prompting the Asian country to immediately reiterate. And as is the case in most months, professional and business services as well as education and health services were the sectors that saw the largest increase in employment, with 50,000 and 54,000 jobs added in these sectors respectively.

Related News:

  • Fans react to LeBron James joining Lakers

    Fans react to LeBron James joining Lakers

    All of this, of course, is predicated on James having the patience to transition into a more hands-off role, which is not a given. He may be more patient with Walton than some of the other coaches that have lost their jobs with him on the roster.
    Thais fight water and oxygen levels during cave rescue

    Thais fight water and oxygen levels during cave rescue

    Pipat "Nick" Bodhi, 15: "Mum, Dad, Nick loves both of you and brother". "I promise to take the very best care of the kids. Duangpetch "Dom" Promthep, 13: "I'm fine but it's a little bit cold, don't worry and don't forget my birthday".
    Brush fire destroys homes in San Diego County, California; Hundreds evacuated

    Brush fire destroys homes in San Diego County, California; Hundreds evacuated

    The family had moved from Utah after the school year ended to be near Durtschi's business partner in their chocolate company. Meanwhile, he and his friend stayed behind to grab his father's guitar and his journals, photographs and a hard drive.
  • Donald Trump attacks ‘Pocahontas’ Elizabeth Warren while mocking Me Too movement

    Donald Trump attacks ‘Pocahontas’ Elizabeth Warren while mocking Me Too movement

    Women vote, organize marches, knock on doors, make phone calls, run for office - and win", she added. Maxine and the #MeToo movement during a rally in Great Falls, Montana on Thursday, July 5.
    Immigrant PhD candidate rocked by sudden US Army discharge

    Immigrant PhD candidate rocked by sudden US Army discharge

    Army through its special recruitment program that promises a path to citizenship in exchange for service. The program allows the military to recruit non-citizens who have a legal status, such as a student visa.
    England have the edge over Croatia, says Hamann

    England have the edge over Croatia, says Hamann

    Following a few missed opportunities, Croatia had to settle for a chance to win the match in extra time . After Russia scored their second goal we knew we have character and that we can do it.
  • Woman shoots man trying to take SUV with kids

    Woman shoots man trying to take SUV with kids

    The suspect turned around and looked at the frantic mother - "with his eyes bugged" - but kept going, she said. She told the station that she pulled the trigger once, saying that she intended it to be a warning shot.
    Top scorers meet best defence in Brazil v Belgium clash

    Top scorers meet best defence in Brazil v Belgium clash

    Or maybe this is year that England finally , finally, wins another major global tournament. "It's a great pleasure", the Real Madrid centre back told reporters on Saturday.
    England beat Sweden to return to the semi-finals after 28 years

    England beat Sweden to return to the semi-finals after 28 years

    The 1966 World Cup winners England will face Sweden in Samara , where they will fight for a coveted place in the semi-finals. A chant of "On our way, on our way, to Moscow, on our way" came from England fans in one corner of the Samara Arena.
  • Pompeo says progress made with North Korea amid denuclearisation talks

    Pompeo says progress made with North Korea amid denuclearisation talks

    Speaking in Tokyo , Pompeo said his efforts to push the North on disarmament had the backing of the entire worldwide community. Trump met with Kim Jong Un in Singapore last month, would not reveal any details on the progress he said was made.
    Suzuki Jimny officially announced

    Suzuki Jimny officially announced

    While many SUVs have gone down the "soft-roader" path, the Jimny looks like it will continue in the tradition of its predecessors. The all-new Suzuki Jimny will run a 1.5-litre four-cylinder petrol engine which replaces the old car's 1.3-litre four-pot.
    Negotiated settlement with China over trade war unlikely

    Negotiated settlement with China over trade war unlikely

    In this context, the trade face-off smacks of a struggle between the G2 countries for economic hegemony over the global market. German Chancellor Angela Merkel, seeking to avoid a trade war , has expressed support for eliminating the EU's auto tariffs.


Most liked

Pressure on Belgium's golden generation, England can outlast Croatia
" England are one of the favourites to win the World Cup and you need to respect that, but we have nothing to lose". Croatia will play England in the last four in Moscow on Wednesday, as they aim to outdo the team of 20 years ago.

England's Gareth Southgate: Young squad 'not the finished article' yet
He believes Kane's "mentality" mimicked that of Wilkinson, who famously kicked England to glory at the Rugby World Cup in 2003. They have done so off the back of a change in attitude, implemented by their 47-year-old coach .

Kimi Raikkonen - My mistake cost pole position at Silverstone
Also, the speed tomorrow is less than in qualifying, because you have more fuel and you'll be a bit slower so it's going to be OK".

Euphoric Croatia aiming to party like it's 1998 against Russian Federation
At 1-1, Fernandes missed his shot - only the second player to miss in any of the four shootouts at this year's World Cup . Speaking on RTÉ Television, Hamann said: "They'll be going into the semi-final full of confidence".

Brock Lesnar, cageside at UFC 226, challenges Daniel Cormier
For all the talk about champion-vs. -champion bouts over the years in the UFC, their actual history is just two chapters long. Things got heated quickly between Brock Lesnar and newly crowned UFC heavyweight champion Daniel Cormier .

Tuberculosis sample subconsciously released in hospital
Baltimore City Fire and Rescue responded to the scene initiating "hazmat protocols" for handling hazardous materials. According to WMAR, a small amount of tuberculosis was released into two Johns Hopkins cancer centers.

American border patrol agents stopping and boarding Canadian vessels - spokesman
Any vessel operator that does not slow down and stop when ordered by Border Patrol agents can be criminally charged, Malin said. Border Patrol agents in disputed waters off ME , a spokesman for the country's foreign affairs department confirmed Thursday.

North Korea talks either 'very productive' or 'deeply regrettable'
The talks are part of a broader USA initiative to persuade North Korea to give up its nuclear and ballistic missile programs. Both said they needed to "clarify" certain elements of their previous discussions, but provided no detail.

Wimbledon 2018: Alison Van Uytvanck pulls off stunning upset of Garbine Muguruza
She further appended that she was in the zone and was playing every ball and everything was happening according to her strategy. Muguruza was broken seven times by the inspired 47th-ranked Belgian, ending the Spaniard's hopes of retaining her title.

Marcus Smart upset Boston Celtics haven't talked to him about new contract
The Boston Celtics haven't reached out or contacted Marcus Smart about his contract, beyond a qualifying offer. Smart averaged 10.2 points and 4.8 assists in 54 appearances for Boston last season.

UFC 226: Daniel Cormier Takes Scary Fall On Stage
The heavyweight champion stands at 6-foot-4 and has an 80-inch reach, while Cormier stands 5-foot-11 with a 72-inch reach. The coverage will start at midnight on Saturday with the main card title fight at 3am on the Sunday morning.

Sweden’s gracious ambassador congratulates England on their victory
England will face off against the victor of Saturday's match between Russian Federation and Croatia for a spot in the World Cup final on Wednesday, July 11.

Trump mulls Supreme Court choice from 2 or 3 candidates
A former law clerk to Justice Antonin Scalia and a longtime Notre Dame Law School professor, she serves on the 7th U.S. On abortion, Barrett has said that she believes life begins at conception , and has also criticized Roe v.

Former UCLA star Tyler Honeycutt found dead after standoff with police
Just a short time ago, CBS-Los Angeles reported that the suspect, Honeycutt, had died from self-inflicted gunshot wound . Honeycutt moved to Efes in Istanbul for the 2016-17 season before returning to Khimki during the last one.

Here's Beryl, the first hurricane of the 2018 season
While the storm will cause some disturbances in the Caribbean, early maps show it steering clear of the state of Florida. Beryl is a tiny tropical storm, as tropical-storm-force winds extend only out to 35 miles from the storm's centre.