Indicators: For-hire trucking employment dips for fifth straight month

Indicators: For-hire trucking employment dips for fifth straight month

Indicators: For-hire trucking employment dips for fifth straight month

And the unemployment rate, which is based on a separate database from the job creation numbers, rose by 0.2 percentage points to 4.9 percent, though still near the lowest level in more than eight years.

Employers shook off two months of weak hiring by adding 287,000 jobs in June, a robust pace that suggests a resilient US economy recovering from a slump early in the year.

After reporting only modest job growth in the previous month, the Labor Department released a report on Friday showing a much bigger than expected increase in employment in the month of June. Manufacturing employment - which had dropped by 16,000 in May - rose by 14,000, there were 29,900 more jobs in the retail sector, and the leisure and hospitality sectors gained 59,000 jobs. Employment in information increased by 44,000 and professional and business services added 38,000 jobs.

The latest numbers from the Labor Department offer a stark contrast, but were partially affected by the return of 35,000 Verizon workers who had been on strike. The unemployment rate ticked higher to 4.9%, but that's not necessarily bad news: more people entered the job market last month, which affects the broader rate. The year-over-year increase was 2.6 percent, less than the 2.7 percent median forecast.

An unexpectedly grim employment report in May, combined with Britain's vote to leave the European Union, had fanned wider worries that the USA economy was in danger of stalling.

The US central bank, the Federal Reserve, will be encouraged by the strong rebound but will also note that wage growth remains sluggish. Analysts had expected the economy to add some 170,000 jobs. The three-month average of monthly gains rose to 147,000. The number of long-term unemployed (those out of work for 27 weeks or more) remained largely unchanged at 2 million.

"In both 2014 and 2015, average monthly job gains were in excess of 200,000 per month, and I don't think we're necessarily going to see that going forward", said Ryan Wang, an economist at HSBC. "Rising wages have helped offset the recent slowing in employment and contributed to consumer spending growth rebounding strongly in the second quarter". With employer demand strong, there is room for continued jobs gains over the next several months. Just 11,000 jobs were created in May.

Buried in the monthly report is an unemployment rate referred to as U6, which includes part-timers who want a full-time job as well as would-be workers who have grown too discouraged to look for work. The Fed went on hold in June after the weak jobs report in May and uncertainty about what would happen with the Brexit vote.

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