Jobless rate for Latino Americans fell to record low in June

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The participation rate, or share of working-age people in the labour force, increased to 62.9 per cent from 62.7 per cent the prior month. "We still target 3.5% by year end".

In addition, this report's less-favorable indicators - relatively sluggish wage growth and a higher unemployment rate due to increased labor-force participation - keep open the possibility of further enhancements to both the demand and supply drivers underpinning a continued expansion that is stronger and more inclusive.

The Labor Department said that average hourly earnings rose five cents, or 0.2% in June after increasing 0.3% in May.

Faster wage growth would have also indicated that inflation was building in the economy, which hasn't strongly been the case even though unemployment is low. Meanwhile, the labor market seems to be ignoring all concerns raised concerning the new measures.

"There's definitely still a lot of room for the labour market to absorb the slack", Kevin Hassett, chairman of the White House Council of Economic Advisers, said on Bloomberg Television.

An acceleration in pay increases could prompt the Federal Reserve to raise interest rates more sharply to head off a spike in inflation.

The dollar extended losses against the euro and the yen after the employment report. Prices for longer-dated U.S. Treasuries rose.

It also boosted the US stock indexes, which are expected to reap weekly gains on Friday after 14 days of losses.

Signs of strength have helped bolster hiring despite the difficulty many employers say they're having in finding enough qualified workers to fill jobs.

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Jim Jordan , a powerful conservative on Capitol Hill who's considered a possible future speaker of the House. And then actually admitting that "Well you know maybe I heard it and it was just kind of locker room talk".

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"When you've got all these other teams, France , Belgium , England , that's the top teams from the beginning and we are the underdogs".

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Moreover, he's reportedly frustrated by the lack of communication from general manager Danny Ainge. Marcus Smart and his camp are still waiting to hear from the Boston Celtics in free agency.

Job gains in June could, however, come below expectations amid growing anecdotal evidence of worker shortages across all sectors of the economy.

The unemployment rate rose in June, but that may not be a bad thing.

But the Trump administration's "America First" trade policy, which has tipped the United States into a trade war with China poses a risk to the labor market and economy.

What about tariffs? On Friday, the US formally imposed an additional $34 million in tariffs on China.

And yet hiring is expected to be strong for June.

The U.S. economy faces potential drags going forward, including escalating trade disputes with major trading partners such as the European Union, China, Canada and Mexico. Professional and technical services added 25,100 jobs in June, more than its average of 18,900 over the previous year.

Black unemployment remains around historical lows (6.5 percent) after repeatedly breaking records over the past year.

Nearly half of June's construction jobs increase (+13,000) occurred in the "heavy and civil engineering" category, +6,000. There were increases in professional and business services employment as well as leisure and hospitality. That's an increase in total employment of a quarter of a million jobs.

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