The following is NAR Managing Director of Housing Research’s Danielle Hale’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for June:
June job gains bounded back to 222,000 net jobs added and revisions pushed previous readings for April & May higher by 47,000 jobs, which signals that the apparent weakness in past months was just a blip due in part to late date reporting. While the unemployment rate notched up slightly, to 4.4 percent, the size of the albor force ticked up and other measures of labor market health are good.
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