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June 2022 Jobs Report

July 18, 2022 by Bautis Financial

The labor market beat expectations in June, continuing to be a bright spot in the economy.


In June, the annual inflation rate accelerated from 8.6% to 9.1%. In spite of the dismal inflation numbers, the June Jobs Report out performed expectations. The economy gained 372,000 jobs, topping the 250,000 estimate.

Hourly wages rose 5.1% from a year ago, offering little relief to the high inflation rate.

Healthcare led the way, adding 77,000 jobs, followed closely by professional services and hospitality.

The unemployment rate held at 3.6%, a good indicator that the economy is holding strong, despite concerns of an impending recession.

Category: Finance News, VideosTag: Employment Rates, Jobs Report, June 2022 Jobs Report, Unemployment Rates
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