The June employment report from the Bureau of Labor Statistics once again confounded expectations and a hot jobs market has continued unabated.
Although consensus forecasts by economists were for 250,000 additional jobs, according to Barron's, non-farm payroll rose by 372,000 and the unemployment rate stayed at 3.6% for the fourth month in a row.
There were two downward revisions of previously reported numbers: April went from 436,000 to 368,000, a drop of 68,000, and May went down 6,000, from 390,000 to 384,000. But both months remain higher than economists had expected at the time.
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