The U.S. economy rebounded from a sluggish May, surpassing analyst expectations to add 287,000 nonfarm payroll positions in June, according to the latest monthly employment report from the Bureau of Labor Statistics, released this morning. June's seasonally adjusted figure represents a spur in hiring from May, during which the downward-revised addition of just 11,000 jobs reflected a six-week strike by 35,000 Verizon employees, among other factors, and it comes as a relief to the tumbling market, putting a damper on concerns of an economic slowdown.
The U.S. Adds 287,000 Jobs in June