U.S adds 195,000 jobs in June; unemployment 7.6%

The U.S. economy added a better-than-expected 195,000 jobs in June and employment gains for May and April were revised sharply higher, the U.S. government said Friday. The unemployment rate was unchanged at 7.6%, but the size of the labor force increased by 177,000, according to the Labor Department. Economists surveyed by MarketWatch expected an increase of 155,000 jobs last month. The number of new jobs created in May, meanwhile, was revised up to 195,000 from 175,000, while April’s figure was raised to 199,000 from 149,000. The biggest gains in hiring in June took place at bars, restaurants and hotels. Employment also rose in professional services, retail and health care. Manufacturing trimmed jobs and government employment fell again. Average hourly wages, meanwhile, jumped 10 cents, or 0.4%, to $24.01 while the average workweek was unchanged at 34.5 hours. The labor-force participation rate edged up to 63.5% from 63.4% and rose for the second straight month. The U6 unemployment rate, however, shot up to 14.3% from 13.8%. The U6 rate includes people who can only find part-time work or have become too discouraged to look for a job.

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