Article originally appeared on breitbart.com.
The U.S. economy added 209,000 jobs in June and the unemployment rate ticked down to 3.6 percent.
Economists had forecast employers would grow payrolls by 230,000, a downturn from the preliminary May estimate of 339,000. The unemployment rate was expected to drop to 3.6 percent from the 3.7 percent reported last month.
On Thursday, ADP said the private sector added 497,000 jobs in June, more than twice the consensus forecast. This sent many economists scrambling to raise their estimates for the Department of Labor figure released on Friday.
View full article |