The U.S. economy added a higher-than-expected number of jobs in June, with 213,000 positions created versus analysts’ expectations for 195,000.
The unemployment rate moved higher, off an 18-year low, to 4% from May’s 3.8%. Economists say the slight move higher is a positive as it reflects more workers entering the workforce after sitting on the sidelines, drawn by the plethora of jobs. In June, 601,000 Americans entered the labor force, and not all found jobs.
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