FOR IMMEDIATE RELEASE

United States economy reports surge of 287,000 new jobs in June

Washington, D.C.- July 8, 2016- According to reports made by the U.S. government, 287,000
jobs were added to the national economy in the month of June. This report assuaged fears that
the economy was on the verge of stalling after the past few months had seen a decline in jobs
and the aftermath of the Brexit vote.
This report will have significant political and economic repercussions. Coupled with a rise in
wages, both the Republican and Democratic party presidential candidates will look to capitalize
on this event as a sign of economic opportunity following them into office. In addition, the
Federal Reserve will look to this as an opportunity to justify raising interest rates later this year.
Since the crisis of 2008, the economy has been in recovery mode. It has often been a roller
coaster of emotions throughout, even in recent days as May only saw an increase of 11,000
jobs. The government needs months like these in order to keep the peace and assure citizens
that things continue to move in the right direction. The economy is far from perfect, but signs of
growth and progress are what the government believes the people need to see. The economy
under President Barack Obama has seen the unemployment rate decline from 10 percent down
to current levels of 4.9 percent.