The economy is in pretty good shape, according to last month's labor statistics. Heck, the numbers even exceeded analysts' expectations.
The U.S. economy added 220,000 jobs in June, the best showing since February and well above analysts' expectations of 174,000.The Labor Department's Bureau of Labor Statistics also said the number of employed Americans -- which set records in February, March and April -- set another record in June, at 153,168,000 employed.And the number of Americans not in the labor force -- after four straight monthly gains – dropped a bit to 94,813,000. (CNS News)
The unemployment rate remains at 4.4 percent. It could get down to 4.0 percent by January 2019 if it continues to fall at the same rate it did from the end of 2015 to the end of 2016, according to the Economic Policy Institute's projections.
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