Source: June 2014 BLS report
The U.S. Bureau of Labor Statistics released its June 2014 unemployment report, which showed an overall monthly gain of 288,000 jobs, considerably higher than the 215,000 economists were expecting. The unemployment rate also saw an impressive decline of 0.2 percentage points, dropping from 6.3% to 6.1%, which is the lowest we’ve seen since September 2008.
This data confirms the continuation of positive job growth in 2014. June is now the fifth straight month in a row in which we’ve seen gains in 200,000+ new jobs, and the unemployment rate is also steadily declining.
Revisions to prior months showed that both April and May had seen growth of 29,000 more than previously reported. The May payroll number was revised from +217,000 to +224,000 and the April numbers were revised from +282,000 to +304,000.
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