June NFP = +288,000

The June jobs report is out and the numbers were quite good. The economy added 288,000 jobs last month, and the unemployment rate dropped to 6.1%, it’s lowest level in more than five years.

This is the first time the economy has added more than 200,000 jobs each month since the Tech Bubble. April’s NFP was revised higher by 22,000 and May was revised upward by 29,000.

In the last five months, the economy has added 1.241 million jobs. The jobs-to-population ratio finally hit 59%. It has been stuck between 58% and 59% for 57 straight months.

Posted by on July 3rd, 2014 at 11:10 am


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