United States job growth rebounds in June; unemployment rate at 4.4%

The legal jobs figures from BLS on Friday come alongside a positive employment report for the US economy overall, which added 220,000 jobs in June, according to the preliminary BLS data.

Marvin Loh, senior global markets strategist at BNY Mellon in Boston, pointed out that hourly earnings' 2.5 percent gain from a year earlier were "disappointing", with growth slower than at the start of the year and mostly stagnant over the past several months.

In a June 29, 2017 update, the Congressional Budget Office said it expects the USA labor market to tighten in the next two years, as greater demand for workers will push the unemployment rate down and the labor force participation rate up.

Experts believe the latest figures indicate the economy could grow by up to 2.5% over the second half of the year, an increase from the sluggish average of 2% in the eight years since the recession ended.

"June is one such month where upside risks could materialize on the back of both robust hard data and surveys", TD said.

The first month of summer may have brought an extra 200,000 jobs for Americans, but veteran employment took a slight hit.

In terms of what sort of compensation travel agents can expect, the 2016 salary survey from Hot Travel Jobs found a national average for leisure travel agents of $46,101 a year ago, and $47,814 for corporate travel agents.

The broad-based S&P 500 rose 0.3 percent to 2,417.58, while the tech-rich Nasdaq Composite Index advanced 0.6 percent to 6,125.02.

The healthcare industry saw the most significant increase of new jobs at 37,000. And the nation's unemployment rate remained relatively steady at 4.4 percent, down about 0.4 percent from what it was in January.

The labour force participation rate rose a tenth of a point to 62.8 per cent, a time when many United States students and new college graduates began hunting for summer work.

Social-assistance employment rose by 23,000, financial-activities employment rose by 17,000 and mining jobs rose by 8,000.

The labor force participation rate tracks the number of employed or actively seeking work as a percentage of the total population.

In June this May this rate fell to 8.4%, the lowest reading since June 2007. The report has beaten the expectations of economists for a 179,000 gain. The industry has added 277,000 jobs over the year. When combined with flat average weekly hours, the foundations of income growth were fairly soft. The figures for May and April were revised upward for an additional 47,000 jobs. This puts average net jobs creation for the past three months of +193,667 (rounded).