WASHINGTON--U.S. employers ramped up hiring in June after a sluggish spring, signaling renewed momentum in the labor market that could quiet fears about a broader economic slowdown, even as global market turbulence casts a shadow over the outlook.
Nonfarm payrolls rose by a seasonally adjusted 287,000 in June, the Labor Department said Friday, the strongest month of hiring since last October. The figure was boosted by the end of a strike at Verizon Communications Inc. that the agency had said shaved about 35,000 jobs from payrolls in May.
Continue Reading Below
Revisions showed U.S. employers added 6,000 fewer jobs in May and April than previously estimated. May's payrolls figure was revised down to a meager gain of 11,000, the weakest month of hiring since the U.S. stopped shedding jobs in 2010.
The unemployment rate, calculated from a separate survey of American households, rose to 4.9% in June from 4.7% in May, partly retracing its drop from 5.0% in April. The workforce expanded in June after shrinking the prior month, and the labor-force participation rate ticked up to 62.7%.
(More to Come)
Write to Ben Leubsdorf at email@example.com and Josh Mitchell at firstname.lastname@example.org