Hiring surged in June despite inflation, with 372,000 jobs created
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Hiring stayed strong in June despite persistent inflation and worries about a coming recession. Employers added 372,000 jobs, the Labor Department said Friday, surpassing the 270,000 economists had expected.
The unemployment rate remained at 3.6%, close to its pre-pandemic low.
"Today's jobs report is a milestone marking a more-than-full recovery in private-sector employment," Julia Pollak, labor economist at ZipRecruiter, said in a note. "Employment gains were surprisingly broad-based, with gains even in those industries that tend to be most sensitive to interest rate hikes."
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Washington — The Senate on Friday again failed to move forward with legislation to fund the Department of Homeland Security, extending the shutdown that has snarled air travel around the country. Alan He and Caitlin Huey-Burns contributed to this report.
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