U.S. Added 287,000 Jobs in June; Unemployment Rate at 4.9%

July 8, 2016 12:33 PM

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U.S. Added 287,000 Jobs in June; Unemployment Rate at 4.9%

“During an economic downturn, the first place employers look to cut are unfilled jobs,” said Andrew Chamberlain, chief economist at Glassdoor Economic Research, adding that he had seen little evidence that hiring was being scaled back. “When I look through all the data, there is no smoking gun that the U.S. economy is pulling into a recession now.”

Given that the jobless rate has consistently been at 5 percent or less since last fall, Mr. Chamberlain and other analysts argue it is time to lower the benchmarks for what is labeled a good or bad report.

Also read: Europe must find way to grow even when rates rise: ECB's Coeure

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