The Bureau of Labor Statistics released June’s jobs report on Thursday. The report was released a day earlier than normal due to Friday being a national holiday. The BLS showed that the economy added 288,000 jobs in the month of June. Also, the jobs numbers for both May and April were revised upwards, revealing that the economy added an additional 29,000 jobs over those two months compared with initial projections. Overall, the unemployment rate dropped to 6.1%, the lowest level the nation has seen since September 2008, when the financial crisis was hitting full steam.
Economic forecasters predicted a good month for jobs in June, but nowhere near this high. For the most part, forecasts figured June would see an addition of about 215,000 non-farm payroll jobs. The actual figures from BLS blew those predictions out of the water. Also, April’s figures were revised up to 304,000 and May’s to 224,000. This represents five straight months where the economy has added 200,000+ jobs.
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