MIAMI (CBSMiami) – One day after the nation celebrated the nation’s independence, the U.S. Labor Department delivered good news to the U.S. economy.
According to the Bureau of Labor Statistics, the economy created almost 200,000 jobs in the month of June. While it was a large beat of Wall Street estimates of 165,000 jobs created, the unemployment rate stayed at 7.6 percent.READ MORE: Florida's Lobster Mini Season Is Nearly Here
Still, there was plenty of good news for employees and job seekers in the June jobs report. The Labor Department added another 70,000 workers for the last two months, which helped out the overall numbers, but helped keep the unemployment rate steady.READ MORE: CDC Recommends Face Masks For Fully Vaccinated People Again In Some Indoor Settings
According to the Washington Post’s Neil Irwin, the employment to population ratio ticked up to 58.7 percent and there was a 0.4 percent bump in hourly earnings in June.MORE NEWS: Miami-Dade School Superintendent Alberto Carvalho On Mask Use For Upcoming School Year: 'Decision Cannot Be Rushed'
Still, the larger unemployment picture was not good. The U-6 number, which measures unemployment by adding in discouraged workers, and the underemployed, jumped to 14.3 percent from 13.8 percent in May.