The job numbers for the month of June indicate USA manufacturing continues to gain momentum. Before June's record, the lowest monthly Hispanic-Latino unemployment rate since BLS began tracking the statistic in 1973 was 4.8%. Some 600,000 people entered the labor force in June, the Labor Department said. Continue to look for even faster wage growth. More than 600,000 workers joined the economy last month, bringing the total labor force participation rate to 62.9 percent.
The unemployment rate in June fell back slightly to 4.0% from 3.8% in May. Meanwhile, the labor market seems to be ignoring all concerns raised concerning the new measures.
On Friday, the world witnessed the imposition of new tariffs by the United States and China on goods worth $34bn from each of the two countries.
Although the report for June was far from uniformly strong, it will reinforce the perception that the USA will continue to outpace other countries and should be able to navigate trade policy uncertainties as long as they don't lead to a full-blown global trade war.
Health care added 25,200 jobs, nearly exactly in line with its average over the previous year.
The data for demographic groups came from a survey of households that is part of the Labor Department's monthly jobs report. At more than 1.141 million people employed in the industry in June, the legal jobs figures edged outside of a range that has prevailed since December 2016.
Washington is also engaged in fights with other major trade partners, including Canada, Mexico and the European Union after President Donald Trump imposed tariffs on steel and aluminum imports.
The US economy needs to create roughly 120,000 jobs per month to keep up with growth in the working-age population. Wages continued their modest rise, increasing 2.7 percent from the year before.
"Overall, this "not too hot, not too cold" report supports our call for four Fed rate hikes in total this year", Gregory Daco, head of USA macroeconomics at Oxford Economics in NY, said in a note.
Signs of strength have helped bolster hiring despite the difficulty many employers say they're having in finding enough qualified workers to fill jobs.
Policymakers at the Federal Reserve, the U.S. central bank, monitor the report because they can raise interest rates when employment is close to full, wages are rising healthily and unemployment is low.
The economy also faces a substantial threat from the trade tension with China and from other trade disputes with USA allies, including Canada and Europe. Professional and business services, manufacturing, health care, construction, and mining all added jobs in June.
Overall, U.S. employers added 213,000 jobs in June.