Weak hiring in May had given rise to fears that the long-running expansion was foundering in the face of trade tensions and cooling growth overseas. But job growth rebounded sharply in June, the Labor Department reported Friday: Employers added 224,000 jobs, a larger figure than expected. And manufacturers, who are bearing the brunt of President Donald Trump’s trade war, added jobs at the fastest pace since January. And it is a boon to Trump, who is expected to make the economy’s strength a centerpiece of his reelection campaign. Employers have added an average of 171,000 jobs over the past three months, down from 223,000 per month last year.

Source: bd News24 July 06, 2019 02:26 UTC