Canada adds 31,800 jobs in June, led by jump in part-time positions

USA employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China.

"Let's remember that for some time, the unemployment rate has been below the level typically associated with 'full employment, ' but the relatively robust level of hiring being seen suggests there's more room" for the jobless rate to drop, he added. Even so, a steady pace of hiring and gradually rising wages, along with lower taxes, are helping underpin consumer spending and propelling a rebound in US growth.

"There were some people who weren't participating in the labor force who are now being encouraged to return, so I'm not concerned about the uptick in unemployment", she said. Moreover, some of the other internals, including a rising unemployment rate for African-Americans, highlighted the challenges to more inclusive growth.

On Friday, the world witnessed the imposition of new tariffs by the U.S. and China on goods worth $34bn from each of the two countries. But for now the sector, which accounts for about 12 percent of the US economy, appears in good health.

While economists say the tax cuts are boosting growth this year, they warn that Trump's actions on trade could have damaging impacts on the economy and jobs.

Meanwhile, the revisions for the two previous months - April and May - looked encouraging, with a combined gain of 37,000 jobs as compared to previous BLS reports.

All told, employers added 213,000 jobs in June.

More news: Croatia beat Russian Federation on penalties to set up England semi-final
More news: Thai Navy SEALs use Facebook for nail-biting updates on cave rescue mission
More news: Tropical Depression Two Forms

Just hours before the monthly reports came out, the Trump administration imposed tariffs on $34 billion worth of Chinese imports, prompting the Asian country to immediately reiterate.

The economy needs to create roughly 120,000 jobs per month to keep up with growth in the working-age population. "The unchanged 2.7 percent rise in June helps keep the Fed on a gradual path of rate hikes", MarketWatch said. Average hourly earnings advanced 2.7 per cent from a year earlier, while the jobless rate increased to 4 per cent from 3.8 per cent, the first rise in nearly a year.

Manufacturers added 36,000 jobs last month.

"This report was more than enough to seal the deal on a July rate hike from the Bank of Canada", said Frances Donald, a senior economist with Manulife Asset Management.

Youth unemployment increased to 11.7 per cent last month, up from 11.1 in May. The Federal Reserve on Thursday reported some businesses had already scaled back or postponed planned investment due to the trade struggles, and warned that many more promise to do more if the spats continue to escalate.

Overall, U.S. employers added 213,000 jobs in June.

Recommended News

  • Cormier and Miocic face off at ceremonial weigh-in ahead of UFC 226

    Cormier and Miocic face off at ceremonial weigh-in ahead of UFC 226

    Following the fight, the former UFC heavyweight champion spoke with the media about the loss. He has successfully defended the heavyweight strap in three consecutive bouts.
    Gareth Southgate hails Harry Maguire’s World Cup impact

    Gareth Southgate hails Harry Maguire’s World Cup impact

    The victory left revelers in Montreal's Burgundy Lion feeling pretty good - though the liquid refreshments may have helped. England boss Gareth Southgate insists that he has been pleased with the performances of Dele Alli at the 2018 World Cup .
    Deschamps says France proved mettle; ready for Brazil or Belgium

    Deschamps says France proved mettle; ready for Brazil or Belgium

    Petersburg on Tuesday, while the winners of tomorrow's two quarter-finals will meet in Moscow on Wednesday. Uruguay suffered without striker Edinson Cavani, who was ruled out with a calf injury.
  • 'Worst fight ever': Fans mock UFC 226 co-main event

    Cormier was victorious in the fight and became the new heavyweight champion in the first round of the fight. He made his most recent trip to the cage at UFC 200 , where he originally scored a victory over Mark Hunt .
    Thapar not in Trump’s shortlist

    Thapar not in Trump’s shortlist

    Susan Collins of ME , two relative centrists who have expressed concern over the dismantling of abortion rights in the U.S. Judges Brett Kavanaugh and Amy Coney Barrett are among other top candidates, according to multiple reports .
    UFC 226: Daniel Cormier ends Stipe Miocic's reign with a knockout

    UFC 226: Daniel Cormier ends Stipe Miocic's reign with a knockout

    Welterweight Mike Perry also earned a copiously bloody split-decision victory over Paul Felder. The pair briefly faced off, before Lesnar firmly shoved the newly-crowned champion backwards.
  • ZTE names new top execs to comply with USA  demands

    ZTE names new top execs to comply with USA demands

    New CEO Xu was most recently president of ZTE's telco cloud and core networks product line, according to past media reports. ZTE named Xu Ziyang as its new chief executive, according to a statement.
    Three Lions Is Officially Number 1 In The UK

    Three Lions Is Officially Number 1 In The UK

    The likes of Frank Lampard, John Terry, Steven Gerrard and Wayne Rooney all suffered from the weight of expectation. England football manager Gareth Southgate has likened striker Harry Kane to England rugby legend Jonny Wilkinson.
    Vida Cleared to Face England After FIFA Warning

    Vida Cleared to Face England After FIFA Warning

    Italy was the last team to do so, with comeback wins against Mexico and West Germany in the 1970 quarters and semis respectively. Still, his critics would argue Les Bleus don't make the most of the players at their disposal-especially in the attacking third.
  • Christian Horner hails Max Verstappen’s ability to avoid blisters in Austrian GP

    Christian Horner hails Max Verstappen’s ability to avoid blisters in Austrian GP

    Renault's Nico Hulkenberg was the first retirement, with his engine spewing a cloud of smoke and flames. Three laps later, the luckless Bottas was also forced to abandon, pulling off to park his Mercedes.
    German, NATO officials wary of Trump-Putin summit

    German, NATO officials wary of Trump-Putin summit

    During a rally in Montana on Thursday, Trump mocked critics of his approach and preparation for the summit with Putin. Poland, for instance, has put forth a proposal for the U.S.to build permanent military bases.
    Brazil says Danilo out of World Cup with ankle injury

    Brazil says Danilo out of World Cup with ankle injury

    With time rapidly running out, Coutinho wasted another wonderful chance to equalise, after excellent work on the left by Neymar. Under their current coach Tite , Brazil have played 25 global matches, during which they have conceded just six goals.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.