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Economy added 288,000 new jobs in June

Justin Sullivan

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.

Meanwhile, in the separate household survey the unemployment rate fell to 6.1 percent.

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.