US adds 222,000 jobs in June, keeping Fed on course

[McFurd]

Fox News - 7/7/2107 - Mathew Rocco - The U.S. economy added 222,000 jobs in June to surpass expectations, keeping the Federal Reserve on course as it steadily raises interest rates. After a slow three-month stretch, the latest jobs report from the Bureau of Labor Statistics offered some positive signs. Job gains of 222,000 beat economists’ forecast for 179,000. The unemployment rate inched higher to 4.4% from 4.3%, although more people were actively looking for work during the month. The labor force participation rate was 62.8%, up from 62.7% in May. Average hourly earnings grew 0.2% to $26.25 an hour. Read more @ http://www.foxbusiness.com/markets/2017 ... ourse.html