US: Another Positive Surprise for Job Growth in June

Nonfarm payrolls increased a surprising 288K for the month following upward revisions to both April (282K to 304K) and May (217K to 224K). Private payrolls rose a healthy 262K while the government added 26K, matching April’s gain at the fastest monthly pace in nearly three years. Manufacturing payrolls have accelerated throughout the past few months, up 16K in June, while construction jobs remained low at only 6K for the month

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