U.S. nonfarm Payrolls Job Total 222,000 in June 2017 vs 179,000 Expected



As reported at CNBC, the U.S. economy added 222,000 new jobs in June and the unemployment rate held at 4.4%. This was much better than the 179,000 jobs that were expected. As Marketwatch stated, the 222,000 new jobs in June is showing that companies are still finding ways to add staff despite a growing shortage of skilled workers. Now, if only the GOP would get off their useless butts, follow Trump’s lead and actually pass tax reform, the economy will burn red hot. And when that happens, Trump can punch his ticket for 2018 and 2020.

Donald Trump thumbs up

The U.S. economy added a better-than-expected 222,000 new jobs in June and the unemployment rate held at 4.4 percent, according to a government report Friday.

Economists surveyed by Reuters had been expecting nonfarm payrolls growth of 179,000 and the unemployment rate to be 4.3 percent.

Wage growth, however, remained muted, with average hourly earnings rising 2.5 percent on an annualized basis, essentially unchanged from the previous month. On a monthly basis, the rise was 0.2 percent, which actually was a shade below the 0.2 percent expectation. The average work week edged higher, rising 0.1 hours to 34.5.

Health care was the biggest contributor, with 37,000 new positions, with professional and business services adding 35,000. Social assistance added 23,000, Wall Street-related jobs grew by 17,000 and mining — a focal point for the Trump administration — saw 8,000 new positions.

An alternative measure of unemployment that counts discouraged workers and those holding part-time positions for economic reasons — the underemployed — rose from 8.4 percent to 8.6 percent.

Jobs overall tilted to full-time positions, which grew by 355,000, while part-time fell by 224,000.

Posted July 7, 2017 by
Economy, Jobs, Unemployment | one comment

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  • Comments

    One Response to “U.S. nonfarm Payrolls Job Total 222,000 in June 2017 vs 179,000 Expected”

    1. A Texas Grandfather on July 7th, 2017 11:34 am

      The GOP need to get the Tax reforms passed and most importantly get the ACA repealed and the beginnings of a free market insurance and health care passed.

      There are plenty of skilled workers available if the government would quit funding the welfare programs such as 99 weeks of unemployment, food stamps,etc.

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