The U.S. added a robust 224,000 new jobs in June, rebounding from a recent lull and calming worries about the health of the economy
The numbers: The U.S. added a robust 224,000 new jobs in June, rebounding from a recent lull and calming worries about the health of an economy now entering a record 11th year of expansion.Improved hiring last month dispels for now the threat of a dramatic slowdown in growth for an economy that just this month set the record for longest expansion ever. Ongoing U.S.
Retailers had no such luck: They shed another 6,000 jobs to continue a recent string of declines. Local-government hiring led to a 33,000 surge in public-sector payrolls. The initial 75,000 increase in new jobs in May that so worried Wall Street was revised down to 72,000.
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