U.S. Economy Adds 287K Jobs In June 2016

The U.S. created 287,000 jobs in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported. Job growth occurred in leisure and hospitality, health care and social assistance, and financial activities. Employment also increased in information, mostly reflecting the return of workers from a strike.

This is a substantial hike from the weak May jobs report. The positive jobs report exceeded expectations and offset worries of a larger, more troubling trend for the American labor force, according to CBSNews.