The U.S. job market gathered steam in June, increasing sharply from May, to alleviate concerns about a larger economic slowdown.
Employers added 287,000 jobs in June, a significant leap from May’s relatively flat addition of 11,000 jobs, the U.S. Bureau of Labor of Labor Statistics reported Friday.
The Bureau initially anticipated 38,000 jobs in May, but had revised those figures to 11,000.
Bloomberg economists had previously forecast that the U.S. would add 180,000 jobs in June, but Friday’s report shows much larger figures.
Still, the June numbers included about 35,000 Verizon workers who returned from strike during June.
Meanwhile, unemployment increased to 4.9 percent in the month, compared to 4.7 percent in May, and the number of unemployed people increased by 347,000 to 7.8 million.