The U.S. economy added 224,000 jobs in June 2019, far exceeding economists expectations of 140,000 new jobs. The better than expected June jobs report marks 105 consecutive months of jobs growth – the longest in U.S. history.
Over the last five years alone, overall employment in the United States climbed by 7.3%, driven in large part by massive hiring in the trade, transportation, and utility sector. Partially as a result, the unemployment rate dipped from 6.1% in May 2014, to 3.4% in May 2019 – a low not seen since the 1960s.
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