| Economy adds 209K jobs in June, unemployment at 3.6 percent |
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| News |
| Written by The Hill Press |
| Friday, 07 July 2023 10:32 |
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WASHINGTON - The U.S. added 209,000 jobs in June and the unemployment rate dipped to 3.6 perent, according to data released Friday by the Labor Department. Economists expected the U.S. to add roughly 240,000 jobs last month and for the jobless rate to fall to 3.6 percent, according to consensus estimates, down from 3.7 percent in May. |
Despite persistent recession warnings and rapid Federal Reserve rate hikes, the U.S. economy has remained sturdy throughout 2023.