APIndiana NewsLocal News

U.S. job growth rebounds in June from May

WASHINGTON (AP) — The latest U.S. jobs report has been released.

U.S. job growth rebounded in June as employers added 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion.

The Labor Department says the solid gain came after weak job growth of just 72,000 in May. The burst of hiring last month may suggest that employers are shaking off concerns about weaker global growth and the waning benefits from tax cuts. The unemployment rate ticked up to 3.7%, up from 3.6% for the previous two months as more people began searching for work.

The strength of the jobs report could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Most investors anticipate a rate cut.

Hourly wages rose 3.1% from a year ago.

Related posts

One Woman Dead Following Tuesday Night DeKalb County Crash

Michael McIntyre

Kindergarteners Host Lemonade Stand To Raise Money For Riley Children’s Health

Alyssa Foster

Flood Warning for Eel River at North Manchester

Brooklyne Beatty

Leave a Comment