Economic optimism rises as U.S. job market adds 206,000 jobs

The unemployment rate rose slightly, but jobs grew by over 200,000.  (iStock)

The U.S. job market is slowly stabilizing, as shown by the 206,000 jobs added in June, according to the Bureau of Labor Statistics. The industries driving this growth include government, health care, social assistance and construction.

Although more jobs were added, unemployment did increase, but barely, to 4.1%. Last month, the unemployment rate sat at 4%, so the increase was minimal month to month. The unemployment rate is currently higher than it was last year, when the jobless rate was 3.6%.

Government jobs led the charge for job growth, adding 70,000 jobs in June. This is much higher than the average monthly gain of 49,000 government jobs the U.S. has seen in the last 12 months. Local governments and state governments added the most jobs over all at 34,000 and 26,000 respectively.

The health care…

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