The Economy Adds 287,000 Jobs in June, and Unemployment Up Slightly to 4.9%

The U.S. economy added 287,000 jobs in June and unemployment rose slightly to 4.9%, up from 4.7% in May, according to figures released this morning by the U.S. Bureau of Labor Statistics. 

In response to the May jobs numbers, AFL-CIO Chief Economist William Spriggs said:

The good news is that the job market has continued its record monthly string of growth. But, modest wage growth over the year, and the continued headwinds for U.S. manufacturing from global uncertainties and global slower growth mean the Federal Reserve should continue its policy of holding off interest rate hikes.