June Report: 213,000 New Jobs, Slight Rise to 4% Unemployment

In a less-tumultuous-than-last-month announcement of the monthly job numbers, the Bureau of Labor Statistics reported Friday that the U.S. had added 213,000 new jobs and unemployment had risen from 3.8 percent to 4 percent in the past month. Despite the burgeoning trade war with China and Trump’s move to impose $34 billion in tariffs on Chinese imports, ABC News reports that “the 9-year old U.S. economic expansion—the second-longest on record—remains on solid ground.” ABC adds, however, that these gains are not spread equitably: Trump’s tax cuts have allowed wealthy companies to “buy back a record number of shares,” while wages have barely moved when adjusted for inflation.