Non-Farm Payrolls rise more than expected. U.S. Stocks rise. Kohl’s to begin hiring seasonal holiday workers.

The Bureau of Labor Statistics reports that Non-Farm Payrolls rose by 213,000 in June, above the 195,000 expected. April and May were revised higher by a total of 37,000. The Labor Force Participation Rate edged higher to 62.9 from 62.7 as more Americans entered the labor force. On the negative side of the data, average hourly earnings came in at 0.2% from the 0.3% in May, year-over-year was recorded at 2.7%, unchanged. The U6 number, or total unemployed, rose to 7.8% from 7.6%. The Unemployment Rate rose to 4.0%. Overall, it was a good report.
U.S. Stock markets pushed higher on Friday after the June Jobs Report was released. On Thursday night, Washington imposed $34B in tariffs on imported goods from China as the trade issues continue. Howerver, concerns about the conflict escalting have capped equity prices from futher gains. U.S Stocks were modestly higher in mid-morning trading.
Holiday hiring in July! Say it isn’t so! Recently, Kohl’s announced that it will be hiring seasonal workers for the back-to-school, fall and holiday shopping months earlier than ever before. With a tight labor market, Kohl’s feels it will be getting a jump on top talent before they’re gobbled up by the other retailers. We are hiring seasonal associates earlier than ever to ensure our teams are fully staffed, trained and ready to support peak shopping seasons,” Ryan Festerling, executive vice president of human resources at Kohl’s, said in a statement.