The economy added 288,000 new jobs in June, according to the latest release from the Bureau of Labor Statistics. That was well above economists' pre-release consensus forecast. The BLS also added a net of 29,000 jobs thanks to revisions to the April and May numbers.
This isn't exactly game-changing news for the economy but it is consistent with a recovery that's not just continuing, but accelerating a bit. In other words, it's a sign that the awful first quarter GDP reading is an outlier that's not necessarily indicative of a broader economic disaster.