This month's jobs report has once again surpassed economists' expectations, though there's an important caveat to keep in mind.
The Labor Department on Thursday said the U.S. economy added 4.8 million jobs in June, and the unemployment rate declined to 11.1 percent. Both of these numbers were significantly better than expected, as economists were anticipating about 2.9 million jobs to be added and for the unemployment rate to decline to about 12.4 percent, CNBC reports. This comes after last month, another better-than-expected jobs report saw the unemployment rate decline to 13.3 percent, with 2.5 million jobs added.
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