Business hiring forges ahead in June, with 213,000 jobs added

Meanwhile, the revisions for the two previous months - April and May - looked encouraging, with a combined gain of 37,000 jobs as compared to previous BLS reports.

Economists were forecasting that June was another strong month for the US labor market, with nonfarm payrolls expected to have grown by 195,000 during the month with the unemployment rate holding steady at an 18-year low of 3.8%, according to estimates compiled by Bloomberg.

But wage growth is still weak - an increase of just 5 cents an hour in June. The jobless rate in Calgary remained steady at 7.7 per cent.

They expect the unemployment rate to have held steady at 3.8%, the lowest level since 2000 and 1969 before then.

The growing optimism that people can find work suggested that the 9-year old USA economic expansion - the second-longest on record - has the momentum to keep chugging along. This was most due to a 1 percentage point rise in the unemployment rate for black women, although their EPOP also rose by 0.6 percentage points. Experts predict the move even though the economy is facing significant uncertainty from Canada's intensifying trade dispute with the United States as well as growing fears of a global trade war.

As IJR previously reported, the economy saw many milestones during Trump's presidency.

Major trade partners, including China, Canada, Mexico and the European Union, have retaliated with their own tariffs. "This generates a rising standard of living and strong income growth".

What about tariffs? On Friday, the USA formally imposed an additional $34 million in tariffs on China.

Manufacturers added 36,000 jobs last month. But for now the sector, which accounts for about 12 per cent of the USA economy, appears in good health. The factory jobs were concentrated in the automobile sector, which had seen a decline in employment in May after a fire at a parts supplier disrupted production. But retailers shed 21,600 jobs, with the losses concentrated at general merchandise stores.

Arriving on the ninth anniversary of the recession's end, the latest jobs numbers cap a string of encouraging economic reports.

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