Stories

U.S. job growth in June beats expectations

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 213,000 jobs last month and the unemployment rate rose to 4% as more people — especially new graduates — entered the labor force. Economists surveyed by Bloomberg forecast 195,000 new jobs and unemployment holding at 3.8%. The U.S. added 223,000 jobs in May.

Why this matters: As the NYT notes, this is the 93rd straight month of job creation — the longest streak on record.