June jobs report shows 372K jobs added to the economy
June jobs report beats expectations. FOX Business’ Cheryl Casone with more.
The U.S. posted strong job growth in June, but the total number of employed Americans remained below its pre-pandemic level, federal data showed.
Employers added a more-than-expected 372,000 jobs last month while the U.S. unemployment rate remain unchanged at 3.6%, the Department of Labor reported Friday morning. The job gains take the total number of U.S. employees to nearly 152 million, slightly below the pre-pandemic level of 152.5 million recorded in February 2020, according to a Federal Reserve database.
JUNE'S JOBS BREAKDOWN: HIRING HOT SPOTS, WEAK SPOTS
"The historic strength of our job market is one reason our economy is uniquely well positioned to tackle a range of global economic challenges – from global inflation to the economic fallout from Putin’s war," President Joe Biden said in a statement. "No country is better positioned than America to bring down inflation, without giving up all of the economic gains we have made over the last 18 months."