Job growth rebounds to 222,000 in June, unemployment at 4.4 percent

Washington Examiner ^ | Jul 7, 2017 | Joseph Lawler

[GonzoII]

U.S. job growth rebounded in June, the Bureau of Labor Statistics reported Friday, as the economy created 222,000 new payroll jobs and the unemployment rate ticked up a tenth of a percentage point to 4.4 percent.

Economists in the private sector had projected around 170,000 new jobs for the month.

Friday's report provides reassurance that job growth remains strong even as unemployment, which is the lowest rate since 2001, falls to below where Federal Reserve officials think it can sustainably go.

Only around around 50,000 to 100,000 jobs are needed each month to match population growth and keep unemployment trending down, according to Fed analysis. Job growth has easily cleared that mark, averaging 194,000 over the past three months as the job tallies for May and April were both revised up by a combined 47,000.

And it appears that job growth is likely to continue. Layoffs have been increasingly rare, with claims for unemployment benefits running near the lowest levels in decades.

[central_va]

Protectionist is a viable and proactive tool for keeping and maintaining domestic industries. The fact that you cannot understand stand that simple truth, one that every founding father understood to his core, the fact that you cannot even even discuss this makes you a fascist. You are dangerous.

Words of advice. If things fall apart and there is a war in Asia between us and China I think Free Traitors™ will be hunted down like animals and probably it wont go well for you people. I will try to protect you misguided fools but who knows?