"June's employment report is likely to show some further tightening of the labor market", said Harm Bandholz, chief USA economist at UniCredit Research in NY.
Following these revisions, job growth in America has averaged 211,000 over the last three months - which is in line with what is needed to sustain a growing population. So they helped raise the unemployment rate. However, fears of a trade war with other countries, especially China, have many anxious the economy could slow down or shrink in the months ahead.
Although the report for June was far from uniformly strong, it will reinforce the perception that the US will continue to outpace other countries and should be able to navigate trade policy uncertainties as long as they don't lead to a full-blown global trade war.
Major trade partners, including China, Canada, Mexico and the European Union, have retaliated with their own tariffs.
And yet hiring is expected to be strong for June.
Despite the added jobs, the unemployment rate rose to 4.0% from 3.8% as more people began looking for work and not all of them found it.
But the gain in the labor force is good news because it means more Americans on the margins are being drawn into a job market that's providing more opportunities for workers.
Average hourly earnings rose by 5 cents, or 0.2%, to $26.98, lower than market expectations for a 0.3% improvement. That kept the annual increase in average hourly earnings at 2.7%.
June's moderate wage growth should, for now, allay fears of the economy overheating. The Fed's preferred inflation measure hit its 2% target in May for the first time in six years.
LeBron James still hasn’t met with Lakers coach Luke Walton, report says
James' plan to take over the Western Conference depends exclusively on his ability and skill to lead the Lakers to a championship. Just ask Bryant, who won two Olympic gold medals as James' teammate while spending his entire 20-year career with the Lakers.
"After an impressive performance in 2017, the Canadian labour market definitely took a breather in the first half of 2018", Arseneau wrote in a research note to clients. Health-care jobs were up 25,000 and construction gained 13,000. Prices for longer-dated U.S. Treasuries rose. Manufacturing rose by 36,000, while the fabricated metals industry, which is at the heart of Trump's current trade battle, added 7,000 new workers.
Altogether, the data depicted a labour market that's not as tight as previously thought, easing any pressure on Federal Reserve policy makers to step up the pace of interest-rate hikes and potentially heartening employers who have had difficulty finding skilled workers.
Workers who haven't gone to college accounted for all of this month's net increase in the labor force and employment.
The Labor Ministry data also support forecasts for accelerating economic growth in the United States in the second quarter, with the GDP expected to grow between April and June by more than 4% on annual basis, duplicating the weaker 2-fold expansion one hundred at the beginning of the year.
But there is a matter about which the Chairman of the Fed, Jerome Powell, is beginning to express concern, the threat from an escalating tariff "war".
Donald said key indicators from the labour force data included the higher participation rate and still-strong wage gains. "Unequivocally, this is a nightmare situation". The factory jobs were concentrated in the automobile sector, which had seen a decline in employment in May after a fire at a parts supplier disrupted production.
Economists had forecast that employers added 195,000 payrolls last month, according to the median estimate compiled by Bloomberg. There were increases in professional and business services employment as well as leisure and hospitality.