The U.S. economy continued to post job gains in June, with the addition of 372,000 jobs and the unemployment rate holding steady at 3.6%. The Bureau of Labor Statistics reports that "notable job gains occurred in professional and business services, leisure and hospitality, and health care." Experts were looking at a more modest 272,000 new jobs in June.
Monthly jobs figures have been an economic bright spot for the Biden Administration, indicating basic business confidence in the economy despite concerns about inflation.
