On the first Friday of every month, the U.S. Bureau of Labor
Statistics releases their non-farm payroll statistics report which
details how many jobs were added or subtracted from the national
economy over the prior period. In the data published on Friday,
July 5, Wall Street was surprised to hear that the national
workforce increased markedly over the course of June, exceeding
most trader's and analyst's expectations.
Roughly 195,000 new positions were created coast to coast
throughout June, the report showed, and figures from May and April
were revised to show higher numbers than had previously been
posted. On top of the jobs created in June, the bureau was able to
add an additional 70,000 positions to the report overall.