Robust job growth rebound calms fears about the economy

Robust job growth rebound calms fears about the economyRobust job growth rebound calms fears about the economyRobust job growth rebound calms fears about the economyOn Friday, July 8, the Bureau of Labor Statistics released its monthly employment situation report for June, which is a widely used indicator for the health of the labor market. The June report exceeded job growth expectations rebounding from a disappointing gain in May. The overall labor force expanded as more people entered the workforce driving the unemployment rate slightly higher.Key TakeawaysU.S. adds 287,000 new jobs as companies increased hiring in June a sigh of relief after changing little in MayThe unemployment rate rose to 4.9% from 4.7% as more people entered the labor force in search of workThe labor force participation rate rose atick in June to 62.7% from 62.6%The size of the labor force has increased by about half a million in the past five months1st-quarter GDP raised again to 1.1% still one of the wea kest performances in the past several yearsWant to know more about the top trends in the job market? Check out the US Labor Market Update from Intelligence.