288,000 Jobs Added; Jobless Rate Lowest Since 2006

Unemployment jobless generic file photoNEW YORK (CNNMoney, July 3, 2014) — The American jobs recovery seems to have finally hit its stride.

The U.S. economy added 288,000 jobs in June, the Bureau of Labor Statistics reported Thursday.

That number beats economists’ expectations and comes along with other good news: Job growth was revised higher for both May and April.

Taken altogether, that means employers added 1.4 million jobs in the first six months of the year.

That’s the strongest six months for job growth since 2006.

Meanwhile, the unemployment rate is now 6.1%, down from 6.3% in May. The drop came for the right reasons: More Americans said they had jobs, plus more people joined the labor force.

(Read more…)

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