The federal government reported Friday a better-than-expected jobs report, announcing the addition of 195,000 jobs in June. The unemployment rate remained at 7.6%. Much of the job growth came in the service sectors.
Better-Than-Expected Jobs Report for June: 195K Added
"The report contained little in the way of bad news, with the size of the labor force growing and the participation rate rising slightly. The number of long-term unemployed people also fell."