May's figure is now being estimated higher by +37,000 vis à vis what was reported for May a month ago.
Automakers added 12,000 jobs in June, but the tariffs could weigh on that industry's job growth in the coming months.
The monthly average climb so far in 2018 has been +215,000.
The labor force participation rate also went up by 0.2 percent to the current 62.9 percent after 601,000 joined the civilian labor force. It had declined for three months in a row.
One area that remains sluggish is wage growth, which grew 2.7% when compared with the same period a year ago. "Not only did payroll employment increase by 213,000 - evidence that employers are finding workers - but wage growth held steady at a disappointing 2.7 percent - evidence that employers are not having to raise wages to attract and retain workers". The Fed's preferred inflation measure hit its 2% target in May for the first time in six years.
BNN Bloomberg Commentator looks under the hood of the latest Canadian jobs report and explains how the underlying data reveals a less rosy picture for the economy than the headline numbers. There are two tables focusing on compensation in the Employment Situation report, B-3 and B-8.
Overall, U.S. employers added 213,000 jobs in June. USA stock index futures were little changed. In spite of healthy job growth, wage growth is especially weak in manufacturing, rising just 1.7 percent over the past year.
The 213K rise in positions beat market expectations for 195k new jobs, though the market was expecting the unemployment rate to stay steady. The driving force behind the surge, however, is frictional unemployment, characterized by workers' confidence to switch jobs in today's economic climate.
Gross domestic product estimates for the April-June period are above a 4 percent annualized rate, double the 2.0 percent pace logged in the first quarter.
Interestingly, around 600,000 new workers entered the labour force last month, but bear in mind this report is a survey and tends to be very volatile month to month. The United States is now in a trade war with all its top five trading partners: China, Canada, Mexico, the European Union and Japan. USA tariffs on $34 billion worth of Chinese goods are due to come into effect on Friday. However, the official figures are yet to be released till later this month.
And yet hiring is expected to be strong for June.
US economist at UniCredit Research in NY. Among the strongest industries for job growth during the month was manufacturing, which extended a surge in hiring by adding 36,000 jobs even with tariffs in place.
"Retail" hiring, however, was down in the dumps, -22,000 jobs. There were increases in professional and business services employment as well as leisure and hospitality. Construction payrolls likely increased after rising by 25,000 in May.