In June, the U.S. job market increased at a faster pace than the forecasts. The data indicates that the pace of the U.S. economic growth is recovering from the slow growth rates of Q1. According to U.S. Labor Department data, the number of jobs has been increased by 287 thousand in June. Bloomberg analysts forecasted growth by only 180 thousand. The U.S. unemployment rate rose from 4.7% in May to 4.9% in June. The growth of unemployment was caused due to increased share of the employed population from 62.7% in June compared to 62.6% in May.

 

 

 

Photo: hronika.info

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