US economy adds 224,000 jobs in June – statement

WASHINGTON, The US economy added 224,000 jobs in June, with the unemployment rate reaching 3.7 percent, the Department of Labor said Friday.

Secretary of Labor Alexander Acosta said in a statement on the June Employment Situation report that the June jobs report “surpassed expectations adding 224,000 jobs to the economy, totaling 5.6 million jobs created since January 2017.” “This report included other good news as wages increased at or above three percent year over year for 11 straight months. Wage growth for production and non-supervisory workers increased 3.4 percent over the past 12 months,” he added.

Meanwhile, the report indicated that both the unemployment rate, at 3.7 percent, and the number of unemployed persons, at 6.0 million, “changed little” in June.

Source: Kuwait News Agency