Friday, 7 July 2017

US jobs growth faster than expected

US employment rose by more than expected last month, but wage growth remained subdued, latest figures show.

The economy added 222,000 jobs in June, the US Department of Labor said, and job creation in April and May was higher than previously estimated.

However, despite the job gains and a low 4.4% unemployment rate, wage growth remained tepid.

Average wages rose 2.5% year-on-year, which analysts said was a sign the market still had room to improve.

"Once again, the buzz kill on the jobs report is the lack of more substantial wage growth," said Mark Hamrick, a senior economic analyst for, which tracks interest rates.
"This suggests that we've not yet checked off the 'full employment' box, meaning more progress can be extracted from the job market."

BBC       News.

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