Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Strong economic conditions continue to bring more people into the labor force

Comment on U.S. Bureau of Labor Statistics Employment Situation Report By Gad Levanon, Chief Economist, North America, The Conference Board
The two main messages from today’s jobs report are that both employment and the labor force are still continuing to grow rapidly even though a low unemployment rate means fewer workers are on the sidelines than before.

The US labor market added 213,000 jobs in June and the figures for May and April were both revised up.

It is now clearer that the acceleration in economic activity since the beginning of 2017 has allowed job growth to strengthen further in the first half of 2018, despite tighter labor markets. Much of the acceleration is driven by manufacturing employment, now growing at its fastest rate in 23 years.

Despite the strong job growth, a jump in labor force participation increased the unemployment rate by 0.2 percentage points, partly offsetting the 0.3 percentage points drop in the previous two months. The four-quarter growth rate in average hourly earnings slightly increased to 2.7 percent, the highest in this expansion, but still well below 2007 rates.

Given the continued strength in the US economy, we expect more of the same for the labor market in coming months: more people joining the labor force, but strong job growth will continue to tighten the labor market, further accelerating wage growth.