The economy added a robust 287,000 jobs in June, the biggest month for new employment since October 2015, according to figures released by the Bureau of Labor Statistics on Friday. But at the same time, the headline unemployment rate rose from 4.7 percent to 4.9 percent. How did that happen?
For one thing, May's already disappointing figure was revised down even further, from 38,000 new jobs added to a paltry 11,000 jobs. More importantly, the work force has expanded, with more people looking for jobs.
That's a sign that the economy may still be heating up. Another positive: Wages also grew at one of the fastest paces since this cycle of economic expansion began in 2009, rising 2.6 percent in June from the previous year.
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