- Numbers don't lie July 3
The latest unemployment numbers from the Bureau of Labor Statistics are out, and they're pretty rosy.
The U.S. added 288,000 jobs in June, crushing economists' expectations for an addition of 215,000 jobs. The unemployment rate also fell to 6.1 percent, the lowest reading since September 2008. Expectations were for the unemployment rate to remain unchanged at 6.3 percent. The labor force participation rate remained unchanged at 62.8 percent.
The latest data suggests that even though GDP plummeted in the first quarter — prompting calls for stronger stimulus — the economic recovery remains mostly on track, and the GDP slump in the first quarter had more to do with the unseasonably cold weather and firms drawing down inventories than economic weakness.- - John Aziz
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Chuck Hagel was a huge mistake
- 43 TV shows to watch in 2014
- Want to eliminate the scourge of frat culture? Lower the drinking age.
- 5 quick things you can do today to boost your creativity
- Yes, the Obama administration's green loans are unprofitable. They should be.
- A brief history of the Guy Fawkes mask
- Obama just kneecapped Jeb Bush and Chris Christie's 2016 prospects
- What would it take for humans to build a settlement on Mars?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Why we gossip, according to science
Subscribe to the Week