Home Economy U.S. jobs jump by most in 10 months as economy gains steam

U.S. jobs jump by most in 10 months as economy gains steam

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The pace of U.S. hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening.

Nonfarm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a Labor Department report showed Friday. The unemployment rate edged up to 5.9% because more people voluntarily left their jobs and the number of job seekers rose.

U.S. economy added a better-than-expected 850,000 jobs in June

The median estimate in a Bloomberg survey of economists was for a 720,000 rise in June payrolls.

“Things are picking up,” said Nick Bunker, an economist at the job-search company Indeed. “While labor supply may not be as responsive as some employers might like, they are adding jobs at an increasing rate.”

The gain in payrolls, while well above expectations, doesn’t…

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