Hiring rebound eases fears of a recession

Jul 17, 2019
Written by wpengine

The economy added 224,000 jobs in June, exceeding the 162,000 that had been expected, the U.S. Labor Department reported.

The result eased fears about a possible recession amid the nation’s tariffs and international trade war.

The national jobless rate was 3.7%, a 50-year low. The last reported Washington State jobless rate for May was 4.7%

Job gains were reported across several sectors with professional services, health care, construction, transportation and warehousing all experiencing large hiring increases. The Labor Department reported that companies are struggling to find enough workers because the national unemployment rate has been below 4% for more than a year.

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