U.S. Economy Creates 195K Jobs In June

U.S. employers stepped up hiring in June, adding 195,000 jobs, above the median forecast in a Reuters poll, Labor Department data showed on Friday.

The unemployment rate held steady at 7.6 percent.

Economists were expecting 165,000 new jobs last month, according to a Reuters survey, slightly below the 175,000 positions created in May.  The government on Friday revised payrolls for April and May to show 70,000 more jobs created than previously reported.

The increase could draw the Federal Reserve closer to implementing a plan to start scaling back its massive monetary stimulus later this year.

Read more: http://www.chicagotribune.com/business/breaking/chi-june-jobs-report-20130705,0,1426956.story#ixzz2YCIf6SLc
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