Employers in June hired more than double the number of people experts had predicted, 528,000, after many predicted the number to be just 258,000. Unemployment is now at the lowest level in half a century, at 3.5%.
CNBC calls today’s report from the federal government’s Bureau of Labor Statistics ‘far better than expected, defying signs that the economic recovery is losing steam.’
That was far from the only good news in Friday’s release.
‘Wage growth also surged higher, as average hourly earnings jumped 0.
‘Ain’t No Recession’: Economists Praise ‘Huge’ Employment Numbers – ‘We’re Back, Baby’
