The employment situation bounced back strongly in June with 222,000 jobs being created over the month, the Bureau of Labor Statistics reported this morning. Revisions added 47,000 more jobs to April and May than previously reported, so that over the past three months, job gains have averaged 194,000 a month.
The unemployment rate rose a tenth of a percentage point to 4.4 percent, edging up from its lowest level since May 2001. The increase in the unemployment rate reflects more Americans entering the labor force in June, although not all of them found jobs. The labor force participation rate is at 62.8 percent.
The strongest sectors: Health care added 37,000 jobs, and social assistance - family services and child care - added 23,000. Professional and business services, a broad category that includes everything from architects to temps, added 35,000 jobs. Financial services added 17,000 jobs, and mining added 8,000 jobs.