Friday, July 6, 2007

June job growth tops forecasts

(Reuters) - The Labor Department revised its estimate for May job growth up to 190,000 from a previously reported 157,000 and said there were 122,000 new jobs in April instead of the 80,000 it previously estimated.




Overtime hours and the average workweek both increased in June, which may fan fears about inflation pressures in tightening labor markets. The national unemployment rate was 4.5 percent in June, unchanged from May.


Read more at Reuters.com Economic News

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