Washington, July 8 (FN Agency) US employers added 372,000 jobs in June, more than 100,000 above economists’ expectations, while the jobless rate remained unchanged from May’s level of 3.6%, Labor Department data showed on Friday.
“Total nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6 percent,” the Bureau of Labor Statistics, a unit within the Labor Department, said in a news release. An unemployment rate of 4% or below is defined by the Federal Reserve as maximum employment. Economists polled by US media had forecast a jobs growth of around 268,000 in June, versus the May level of 390,000.