June Jobs Report Better Than Expected
Washington, DC, July 8, 2013 -- The economy added 195,000 jobs in June but the unemployment rate remained unchanged at 7.6%, according to the Labor Department.
The number was better than economists expected.
In addition, jobs numbers revised up 70,000 in April and May. Payrolls rose to 199,000 from 149,000 in April and were up to 195,000 from 175,000 in May.
"While more work remains to be done, today’s employment report provides further confirmation that the U.S. economy is continuing to recover from the worst downturn since the Great Depression," said Alan Krueger, chairman of the White House's Council of Economic Advisers, in a press release.