U.S. employers added 372,000 jobs in June in a sign of economic resilience as unemployment remains a low 3.6%.
and manufacturing are weakening and the economy might actually have shrunk for the past six months.
“The economic tea leaves get harder to read when the economy is at a turning point,” said Daniel Zhao, senior economist at employment website Glassdoor. “Or, put another way, turning points are only obvious in hindsight.” For now, numerous sectors of the economy posted strong job gains in June. Health care added 78,000, transportation and warehousing 36,000 and professional services — a category that includes accounting, engineering, and legal services — gained 74,000. And a sector that includes mainly restaurants, hotels and entertainment jobs added 67,000.
“All of them are issues, but overall, I couldn’t be more excited about where we’re at and where we’re going,” Schall said.
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