Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate

Hourly wages increased by 0.2 percent for an average annual increase of 2.7 percent, lower than analysts had hoped.

This uptick in people joining the workforce - there were 601,000 new entrants to the labor force in June - pushed up the unemployment rate.

The Bureau of Labor Statistics is set to release the June jobs report at 8:30 a.m. ET.

Statistics Canada's Labour Force Survey says the jobless rate in June was down 0.1% from May to 5.8%. But the average was skewed downward in June because the job seekers were mainly those with only a high school education or less, who are generally paid lower wages, Barrera noted.

The June jobs data showed an economy that may be on the cusp of producing stronger pay growth, something that could be disrupted if additional tariffs are imposed.

In May, Edmonton's chief economist, John Rose, said the city's unemployment rate was dropping largely due to gains in construction, manufacturing and professional services.

EPA Chief Scott Pruitt Resigns, Trump Tweets
Pruitt was a former Oklahoma attorney general who filed a number of lawsuits against the EPA, according to the agency's website. Pruitt, a close ally of the fossil fuel industry, also was known for questioning the human role in global climate change.

The participation rate for the London area (the percentage of adults in the London area either working or looking for jobs) continues to edge up to 61.5 per cent and is slightly better than a year ago, but still below the national rate of 65.4 per cent.

The moderate wage growth should allay fears of a strong build-up in inflation pressures.

The figures for April and May were also revised up, showing that 37,000 more jobs were created in these months than previously estimated. It had declined for three months in a row.

"A 32K rise in employment was refreshing news after a couple of weak months". It was 14.5 per cent in May, but 15.5 per cent in June.

President Donald Trump has imposed tariffs on a range of imported goods, including steel and aluminum, to protect domestic industries from what he says is unfair competition from foreign manufacturers. But retailers cut 21,600 jobs last month, after boosting payrolls by 25,100 in May.

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