Payrolls in U.S. Jumped 287,000 in June, Most in Eight Months

July 8, 2016 12:31 PM

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America’s job market stirred to life in June as payroll growth accelerated by the most since October after a two-month lull, assuaging fears of broader cutbacks by companies.

Payrolls climbed by 287,000 last month, exceeding the highest estimate in a Bloomberg survey, after a revised 11,000 gain in May, a Labor Department report showed Friday. The median forecast in a Bloomberg survey called for a 180,000 increase. The jobless rate rose to 4.9 percent as more people ente...

Also read: Orders for U.S. Capital Goods Decline by Most Since February

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