U.S. Department of Labor reports job growth

According to www.usatoday.com, a recent report from the U.S. Department of Labor (DOL) shows that employers added 132,000 jobs during June—more than the 120,000 jobs predicted by economists.

In addition, DOL changed its estimate for May job growth from the previously reported 157,000 to 190,000. It also changed its estimate for April from 80,000 previously reported to 122,000 new jobs. These figures are said to signal a pickup in the pace of economic growth.

Compared with May, June's average hourly earning increased by 3 percent to $17.38; during the past 12 months, wages increased 3.9 percent. The national unemployment rate did not change in June, remaining at 4.5 percent.

The new jobs in June were in areas such as construction, health services and government.

Date : 7/10/2007