U.S. Secretary of Labor Alexander Acosta issued the following statement regarding the June 2018 Employment Situation report:
“The June unemployment rate moved up to 4.0%, as 601,000 Americans entered the labor force. Americans rejoining the workforce represented their largest share of the unemployed since before the recession. This report shows continued strong job growth, with 213,000 jobs added in June, significant gains in manufacturing, and upward revisions of 37,000 jobs in April and May. Since the President’s election, 3.7 million jobs have been created. Wage growth remained steady at 2.7%; our economy would benefit from greater wage increases.”
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