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US jobs growth stronger than expected | US jobs growth stronger than expected |
(35 minutes later) | |
US employers added a higher-than-expected 213,000 jobs last month, extending the US economy's long-running growth streak. | |
The manufacturing sector helped power the gains, adding 36,000 jobs, but the retail sector shed 22,000 positions. | |
The unemployment rate ticked up to 4% from 3.8%, as the strong labour market encouraged more people to look for work. | |
However, the annual increase in average hourly earnings was unchanged at 2.7%. | |
The job growth shows the labour market shrugging off worries about a slowdown triggered by trade fights or rising borrowing costs. | |
The monthly Labor Department report also revised up figures for April and May, reporting that 37,000 more jobs were created in these months than previously estimated. |