U.S. Payrolls Gained 288,000; Jobless Rate 6.3% - NYTimes.com

U.S. Payrolls Gained 288,000; Jobless Rate 6.3% - NYTimes.com:

The jobs report crushed expectations, coming in at 288,000. Expectations were for 218,000. Last month's figure was revised upward to 203,000 from 192,000.

More:

• Private payrolls hit 273,000, also well above the 215,000 estimate and up from the revised 202,000. There were gains in most major industries.
• The unemployment rate fell to 6.3%, the lowest print in more than five years.
• The labor force participation rate fell to 62.8% from 63.2%.
• The number of long-term unemployed dropped by 287,000 to 3.5 million.
• Average hourly earnings growth fell 10 bps to 0% from the prior month. Weekly hours were unchanged at 34.5.

'via Blog this'