Canada adds 31,800 jobs in June, led by jump in part-time positions


"But they're going to have incentive to work, because the greatest social program is a job", he said in his announcement speech at Trump Tower.

Average hourly labor costs in the United States increased by 0.05 Dollars in June, or 0.2% month-on-month, reaching 26.98 Dollars per hour.

"A higher unemployment rate coinciding with a strong jobs gain in June is the best of possible worlds for Canada, with more of us working, but perhaps a bit more room for that to continue without triggering an inflation spike", Avery Shenfeld, chief economist at CIBC Capital Markets, wrote in a note to clients.

The latest jobs report overall showed encouraging signs for the USA economy, the New York Times reports.

Mara Fortin, who owns seven Nothing Bundt Cake stores in the San Diego area, said she raised pay last month to $13 an hour from $11.50.

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.

The unemployment rate in June fell back slightly to 4.0% from 3.8% in May. This extra labour supply has seemingly helped keep wage growth in check.

"Job growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs", reports the Labor Department in a written statement.

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The broader US economy appears to be on sturdy ground.

This uptick in people joining the workforce - there were 601,000 new entrants to the labor force in June - pushed up the unemployment rate. A separate measure, average hourly earnings for production and nonsupervisory workers, also increased 2.7 percent from a year earlier, unchanged from the prior month's gain. "Aside from the immediate job market impacts, the trade disputes risk raising prices for consumers hurting their purchasing power, which then reinforces the dampening impact on the job market", Hamrick added. Economists project that the GDP growth will maintain the yearly pace of 4% or even higher in the second quarter.

Strong jobs growth continues at a time when the economy is growing 4%, and inflation is about to break 3%.

Workers who haven't gone to college accounted for all of this month's net increase in the labor force and employment.

The mixed signals of rising unemployment amid continued hiring could strike a flat note at the White House as President Donald Trump has repeatedly taken credit for the historic low levels of unemployment.

Businesses hired robustly in June despite threats of trade tensions.

The personal finance site analyzed three key employment components in all 50 states, including the employment growth rate and the unemployment rate (pulled from the Bureau of Labor Statistics), as well as the number of weeks that residents can collect unemployment insurance to make ends meet while looking for work. Construction added 13,000 jobs, while retail lost 22,000 - nearly all the jobs it had gained the month before.