The U.S. created 224,000 new jobs in June, bouncing back from a small increase in May and suggesting U.S. economy is still doing OK.
The unemployment rate rose a tick to 3.7% as more people entered the labor force in search of work. The increase in new jobs easily exceeded the 170,000 MarketWatch forecast, helped by a large 33,000 increase in government employment. The average wage paid to American workers rose 6 cents, or 0.2%, to $27.90 an hour.
The 12-month rate of hourly wage gains was unchanged at 3.1%. Hours worked each week was flat at 34.4 hours. The government revised the increase in new jobs in May to 72,000 from a preliminary 75,000. April's gain was cut to 216,000 from 224,000.