Has the job market finally turned a corner? The latest employment numbers suggest the answer is yes.
Employers added 288,000 jobs in June, more than economists expected, according to the Labor Department. That’s a faster hiring rate than the first five months of the year. The unemployment rate also fell, to 6.1 percent, which is the lowest since the financial crisis sunk the economy into recession in September 2008.
And one more encouraging sign: The new jobs didn’t only go to twenty-something techies. Hiring picked up across industries.
Here’s a breakdown of employment status–from qz.com–for Americans age 16 and up:
One month’s data, of course, isn’t going to change things overnight. It may be too soon to break out the champagne, but the numbers should put a little wind in the sails of frustrated job seekers. And for the many workers who have been staying in jobs they don’t like or feel overqualified for because there just wasn’t much out there, it may be time to dust off their resumes and start networking.