Hiring surged in June despite inflation, with 372,000 jobs created
CBSN
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."
Actor Richard Dreyfuss is facing backlash for allegedly sharing remarks that audience members found sexist, homophobic and generally offensive at a Q&A event over the weekend tied to a Massachusetts theater's screening of "Jaws." Dreyfuss starred in the 1975 blockbuster that was filmed in Massachusetts and screened Saturday night at The Cabot, a performing arts center in the coastal community of Beverly.
Another American who was arrested in the Turks and Caicos Islands for possessing ammunition was sentenced to time served and a $9,000 fine on Tuesday, local media reported. Tyler Wenrich was facing a potential mandatory minimum sentence of 12 years in prison for ammunition charges in the British territory.