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The local jobless rate increased to 5.5 per cent in June.

US 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.

Along with the 213,000 jobs added in June, the jobs numbers for April and May were also revised to include 37,000 additional new hires across those months, according to data released Friday by the Bureau of Labor Statistics.

The US economy needs to create roughly 120,000 jobs per month to keep up with growth in the working-age population.

Toronto saw its unemployment rate rise by 0.1 of a percentage point to 6.4 per cent, while Vancouver's unemployment rate was 4.6 per cent during the month. Up until last month, the country's labour force had been little changed through 2018.

The participation rate - the percentage of the working age population employed or actively looking for work - stayed stable at 67.5 per cent.

Average hourly pay rose just 2.7 percent in June from 12 months earlier. The Fed's preferred inflation measure hit its 2% target in May for the first time in six years. Prices for U.S. Treasuries rose.

The unemployment rate stood at 7.5 per cent in June, up from 7.3 in May.

Pompeo visits North Korea to press Kim on Trump nuclear deal
Officials were also expected to hash out the return of the remains of United States soldiers killed in the 1950-53 Korean War. According to a "source in Washington", the song had been a previous topic of conversation between Trump and Kim.

In a separate report Friday, Statistics Canada said the country's merchandise trade deficit with the world widened in May to almost $2.8 billion. It was 14.5 per cent in May, but 15.5 per cent in June. On Thursday, Trump floated the prospect of imposing tariffs on more than $500 billion in Chinese imports.

Major trade partners, including China, Canada, Mexico and the European Union, have retaliated with their own tariffs.

What about tariffs? On Friday, the USA formally imposed an additional $34 million in tariffs on China. "This generates a rising standard of living and strong income growth".

They expect the manufacturing sector to bear the brunt of the trade fights, through a slowdown in hiring and capital expenditure.

The June jobs report marks the longest consecutive, positive monthly job expansion on record, at 93 months. The factory jobs were concentrated in the automobile sector, which had seen a decline in employment in May after a fire at a parts supplier disrupted production.

Ontario added 34,900 jobs for an increase of 0.5 per cent compared with the previous month, while Saskatchewan posted its largest monthly gain in over six years with the creation of 8,300 positions, which represented 1.5 per cent growth. There were increases in professional and business services employment as well as leisure and hospitality.

Government payrolls increased by 11,000 jobs in June.


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