The United States labor market continued its resilient trajectory as employers created 147,000 jobs in June while unemployment in the country remained 4.1 percent.
The country sustained the remarkable job growth despite uncertainty over impact of international trade wars and Middle Eastern conflicts, reflecting confidence in domestic policies.
The Labor Department Thursday said the job numbers are in line with the average monthly gain of 146,000 over the prior 12 months.
In June, hiring surpassed144,000 May numbers.
The upbeat numbers beat also economists’ expectations who had put the new jobs at around 118,000 as well as an upturn in the unemployment rate.
U.S. Secretary of Labor Lori Chavez-DeRemer noted that June’s strong jobs numbers show that “our economy continues to surge under President Trump’s leadership.”
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“Month after month, economic indicators confirm that the great American comeback is in full swing. Thanks to President Trump’s bold America First agenda, 147,000 jobs were created just this month, beating expectations for the fourth month in a row – with more on the way as businesses bring production back home,” the Secretary said.
In sync with the robust overall economic growth scenario, investors and companies continue to express confidence in sustaining the growth momentum.
The wars in the Middle East had raised fears about threats to supply chains as was also reflected in the volatile performance of the stock markets.
However, optimism about growth economic activity remained steady, signaling continuation of growth prospects across many sectors.
The news coincides with the lowest gas prices in four years as the nation celebrates its Independence Day.
In June, job gains occurred in state government and health care while federal government continued to lose jobs.
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At the same time, government employment rose by 73,000 in June. Employment in state government increased by 47,000, largely in education (+40,000) and employment in local government education continued to trend up (+23,000), the Department noted.
In the federal government, job losses numbered 7,000, where employment is down by 69,000 since reaching a recent peak in January.
The Labor Department said among the major worker groups, the unemployment rate for Blacks (6.8 percent) rose in June, while the rates for adult women (3.6 percent) and Whites (3.6 percent) shrank.
The jobless rates for adult men (3.9 percent), teenagers (14.4 percent), Asians (3.5 percent), and Hispanics (4.8 percent) showed little or no change over the month.
Huma Nisar is Associate Editor at Views and News. She also writes opinion articles on health, society and diet.
