U.S. Employers Added Robust 288,000 Jobs in June - KTVN Channel 2 - Reno Tahoe News Weather, Video -

U.S. Employers Added Robust 288,000 Jobs in June

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Hiring over the past five months has been the strongest since the late 1990s tech boom as the economy added 288,000 jobs in June and the unemployment rate fell to 6.1% from 6.3%.
 
The Labor Department says those gains follow additions of 217,000 jobs in May and 304,000 in April, figures that were both revised upward.
 
The economy has added more than 200,000 jobs in each of the past five months, a streak it last matched during the 1999-2000 tech boom. It's a sign that the sluggish half-decade recovery from the Great Recession is finally building momentum.
 
Monthly job gains so far this year have averaged 230,833, up from 194,250 in 2013.
 
The unemployment rate dipped last month to its lowest level since September 2008.
 
Meanwhile, the number of Americans filing applications for unemployment benefits edged up slightly last week but remained at a level that indicated a healthy labor market.
 
The Labor Department says weekly unemployment benefit applications rose by 2,000 to 315,000. The four-week average, which smoothes out week-to-week volatility, was essentially unchanged at 315,000.
 
The average has fallen by 9% since the beginning of this year. Unemployment benefit applications are a proxy for layoffs, so the declines indicate that companies are cutting fewer jobs.
Nevada Senator Harry Reid made the following statement on the June employment report. According to the Bureau of Labor Statistics, the economy added 288,000 jobs in June, while the unemployment rate declined to 6.1%.
 
“Today’s employment report is very good news. The jobs numbers released today reflect the 52nd straight month of private sector job growth. But while it is encouraging that our economy continues to strengthen, there are still too many middle class Nevadans and Americans struggling to make ends meet. Democrats have proposed common sense policies to give Americans the fair shot they deserve. Now it is time for my Republican colleagues to step up, help the middle class, and pass these important measures.

“Over a year ago the Senate passed bipartisan, comprehensive immigration reform. The Senate’s legislation would have reduced the deficit by $200 billion over the next ten years, more than all waiting House bills combined. Additionally, comprehensive immigration reform would have added an average of 121,000 more jobs per year over the next ten years. Unfortunately, House Republicans, under the influence of the Tea Party, refused to bring it up for a vote. Their refusal is costing our economy added growth that we need.

“In the coming weeks Senate Democrats will continue to fight for the middle class. I hope Republicans will join us so we can continue to ensure that all Americans receive a fair shot.” 

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