Economy gains 288,000 in June, unemployment drops to 6.1%

Economy gains 288,000 in June, unemployment drops to 6.1%

[Ed. – Imagine how well the economy would be doing if the U.S. had had a real president the past six years.]

The labor market continued to gain momentum and defy a mixed economy in June as employers added 288,000 jobs, the Labor Department said Thursday.

The unemployment rate fell to 6.1% vs. 6.3% in May.

Economists had estimated that 215,000 jobs were added last month.

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The economy has now gained 200,000 jobs a month for the past five months — the first such stretch since September 1999-January 2000.

in June, businesses added 262,000 jobs, with professional and business services, retail and healthcare leading the broad-based gains. Federal, state and local governments added 26,000.

Also encouraging: Job gains for April and May were revised up by a total 29,000. April’s increase was revised to 304,000 from 282,000 and May’s to 224,000 from 217,000.

Several economists expected continued strong employment advances after private payroll processor ADP released its own survey Wednesday that showed businesses added 281,000 jobs in June – the most since November 2012.

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