The economy added 213,000 jobs in June, more than economists expected


The Labor Department reported Friday that U.S. employers added 213,000 jobs in June, exceeding economists' expectations in the latest sign of accelerating economic growth. Economists surveyed by MarketWatch had predicted a gain of 200,000 non-farm jobs, on average.
The strong report represented an expected drop from a surge in May. The government on Friday revised May's gains up to 244,000 from the initially reported 223,000, Reuters reported. Just 120,000 new jobs are enough to keep up with growth in the working-age population. The unemployment rate rose from 3.8 percent, the lowest since 2000, to 4 percent, as more people entered the work force and students grabbed summer jobs. Average hourly wages rose by 5 cents, or 0.2 percent, to $26.98.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
Five policies from the Tory conference
Party leader Kemi Badenoch has laid out the Conservative plan for a potential future government
-
A House of Dynamite: a ‘nail-biting’ nuclear-strike thriller
The Week Recommends ‘Virtuoso talent’ Kathryn Bigelow directs a ‘fast-paced’ and ‘tense’ ‘symphony of dread’
-
The Finest Hotel in Kabul: a ‘haunting’ history of modern Afghanistan
The Week Recommends Lyse Doucet’s sensitively written work traces over 50 years of Kabul’s ‘Inter-Con’ hotel
-
Gold tops $4K per ounce, signaling financial unease
Speed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B deal
speed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
How is Trump's economy doing?
Talking Points The latest jobs numbers suggest a slowdown in the offing
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung