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The U.S. Department of Labor released its Employment Situation numbers for the month of June early on Friday.

But in fact more people entering the workforce is a sign of optimism that jobs are available in an economy now entering its 10th year of expansion. On the same day as the release of June's jobs report, the USA and China are imposing duties on more than $30 billion-worth of each other's goods.

In its report July 6, the government revised up its estimate of job growth in May and April by a combined 37,000.

Analysts have been puzzled by the consistency of the modest gain in wages irrespective of the growth. "We've seen that happen at an alarming rate". Restaurants added 16,400 jobs in June, under the average of 18,400 over the year.

The report also says average hourly wage growth, which is closely watched by the Bank of Canada, remained strong last month at 3.6 - although it did come down from its nine-year high in May of 3.9 per cent.

"There's definitely still a lot of room for the labour market to absorb the slack", Kevin Hassett, chairman of the White House Council of Economic Advisers, said on Bloomberg Television. "Over the month, job gains occurred in professional and business services, manufacturing, and health care, while employment in retail trade declined".

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In April, there were up to 6.7 million job openings in the United States; the number was more than the people who were unemployed but were seeking unemployment.

As unemployment rose, the closely watched labor force participation rate also edged higher to 62.9 per cent, while the number of people counted as unemployed rose to 6.6 million people, up almost a half million. Instead of accelerating, as many had hoped, annual wage growth fell slightly, to 2.7 percent from 2.8 percent.

Nevertheless, the average monthly increase in USA construction employment through the first half of this year has been +25,000, up from +20,000 for January-to-June of 2017. June's figures mark another increase-this time of 4,800 jobs.

Trump frequently touts the strong jobs picture as hiring has picked up in recent months.

While the sunny outlook led Fed officials last month to boost the number of interest-rate hikes they expect in 2018 to four from three, an intensifying trade war threatens to sap economic momentum, and a shrinking pool of qualified workers may slow the pace of employment gains. The average work week for all private employees was unchanged at 34.5 hours. As executives say they can not find enough qualified workers, some are turning to hiring people who are incarcerated or people with disabilities. "It is also associated with larger federal outlays, because people who are not in the labor force are more likely to enroll in certain federal benefit programs", adds the Congressional Budget Office.


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