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Hiring push brings out more job applicants

The latest U.S. Labor Department update reports that the economy filled 213,000 jobs in June, a continuing sign that the national economy remains strong.

Some estimates are that the economy grew at a healthy 4 percent in the second quarter, according to a New York Times report.

The national unemployment rate ticked up slightly to 4 percent, but economists were not worried because the pace of hiring had encouraged new jobs seekers to enter the market. There are more jobs available than there are applicants in various sectors of the economy, analysts reported.

There is, however, increasing anxiety over new trade tariffs that went into effect on China in the past week. Fears of an international trade war in response to U.S. tariffs have caused anxiety among employers worried about a slowing economy and less consumer spending due to potentially higher prices.

Click here to read the entire New York Times summary.

 

Source: New York Times

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