Hispanic Unemployment Falls to LOWEST LEVEL in US HISTORY — RECORD SMASHED

Nancy Pelosi gavel

The US economy added 213,000 jobs in June, more than expected, while the unemployment rate jumped to 4%, according to the jobs report released by the Bureau of Labor Statistics on Friday.

Buoyant job creation: The U.S. economy continues to be one of the most dynamic job creators in the world, adding 213,000 jobs in June (the median estimate of analysts surveyed by Bloomberg called for a gain of 195,000).

The unemployment rate rose to 4.0 percent from an 18-year low of 3.8 percent in June as 601,000 job seekers entered the labor force in a sign of confidence in the jobs market.

The details across industries showed continued strength in goods-producing jobs: Manufacturing added 36,000 to payrolls, the best month since December, including a 12,000 increase in the auto industry, the most since August. The U.S. central bank raised interest rates last month for the second time this year and has projected two more rate hikes by year end.

Canada received a dose of new jobs last month, maintained sturdy wage growth and saw more people searching for work - all seen as positives by experts who believe the path is clear for the central bank to raise interest rates next week.

The combination of strong job growth with stagnant wages has been an ongoing pattern in jobs reports since the 2007-2008 financial crisis and subsequent "Great Recession". BLS reported that 1,141,400 people were employed in legal services in June, a figure that includes lawyers, paralegals, legal secretaries and other law-related professions.

U.S. sends two destroyers through Taiwan Strait amid tensions with China
China has boosted its own military presence in the region, sailing its own aircraft carrier through the strait in January. China has claimed that Taiwan is part of the country, while Taiwan views itself as an independent nation.

Fed officials say rate hikes could slow growth
At the June meeting, they voted to raise the benchmark rate for a second time this year to a new range of 1.75% to 2%. The Trump administration has imposed tariffs on steel and aluminum imports.

European Union lawmakers decide to not ruin the internet
By way of a quick recap, the crux of the directive's perceived flaws lay in Article 13 and Article 11 . ZDNet's Steven Vaughan-Nichols argues that the law would "wreck the internet" .

Looking further into the report, the unemployment rate rose to 4 percent after holding steady at 3.8 percent, its lowest level since 1969. The increase is above the gains required for the accommodation of the population growth and about 20,000 more compared to last year's average during the same period.

The US economy keeps adding jobs at a blistering pace.

The economy also faces a substantial threat from the Trump administration's trade war with China and from other, ongoing trade disputes with US allies, including Canada and Europe.

The gain in US total employment through the first half of this year has been 1.3 million jobs. Over the past year, average monthly payroll gains have hovered around 200,000, and hiring has been running ahead of growth in the labor force. Most economists say they still think the low unemployment rate will eventually force more employers to offer higher pay in order to fill jobs. Job growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs.

The United States imposed the first duties on $34 billion in Chinese goods early Friday, and China immediately retaliated with levies on an equal amount of American goods, including heartland staples like soybeans, corn, pork and poultry.

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