The Bureau of Labor Statistics released a surprisingly strong jobs report on a rare Jobs Thursday. Together employers added 288,000 jobs in June, significantly more than the 215,000 jobs statisticians were expecting. Further, the national unemployment rate dropped to 6.1%– down from 6.3%– which is the lowest rate since September 2008.
Part of the elation surrounding the June report stems from the fact that the unemployment rate is now where the Fed had previously predicted it would be at year-end.
The June jobs report numbers bring average job growth over the last three months to 272,000. To get more information about the strongest jobs report this year, read this article published on Forbes.