Business hiring forges ahead in June, with 213,000 jobs added

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Manufacturing and health care added the most jobs in June - hospitals added 11,000 jobs over the course of the month - while the retail industry lost 22,000 positions, a disappointing turn from what had been an encouraging boost in May.

Wages were a bit of a disappointment in Friday's report, with average hourly earnings rising by 0.2% over the prior month and 2.7% over the prior year.

The report showed that Canada's trade surplus with the USA narrowed to $3.3 billion in May, from $3.7 billion April, as more imports headed north across the border and south-bound exports decreased.

That unemployment rate for only short-term workers made a new low for the cycle in June at 3.05%.

As IJR previously reported, the economy saw many milestones during Trump's presidency. In other words, only longer-term unemployed workers drove the higher unemployment rate.

The local jobless rate increased to 5.5 per cent in June.

"There were some people who weren't participating in the labor force who are now being encouraged to return, so I'm not concerned about the uptick in unemployment", she said. But retailers cut 21,600 jobs last month, after boosting payrolls by 25,100 in May.

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Nonfarm payrolls advanced by 213,000 jobs last month, the Labour Department said. The agency says more people were seeking job opportunities and that forced the rate up to 6%.

Manufacturers and services firms have said in recent surveys that their business is improving despite anxiety about the tariff showdown between the United States and China.

Yet the tax cuts have done little to generate substantial pay growth.

The economy also faces a substantial threat from the trade tension with China and from other trade disputes with USA allies, including Canada and Europe.

The Trump administration has also applied tariffs on steel and aluminum from allies like Canada and Mexico and has threatened to abandon the North American Free Trade Agreement.

Following the report, USA stock turned positive after having been in red figures ahead of the report.