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July 05, 2013


Economy Picks Up Steam

U.S. employers added 195,000 jobs in June, a sign of solid improvements in the labor market, the Wall Street Journal reports.

The unemployment rate remained steady at 7.6%.

National Journal: "But now for the really good news: We were quite wrong about job gains in April and May. Initial reports from the Bureau of Labor Statistics showed a jobs gain of 149,000 in April and 175,000 in May. In the latest reports, those numbers were revised upward to 199,000 in April and 195,000 in May. That's a combined gain of 70,000 jobs from earlier reports. So, since April, it turns out that the economy has actually gained nearly 200,000 new jobs a month."

Wonk Wire will round up reactions and analysis.












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