The job situation in June was essentially as expected, but Wall Street was taken completely by surprise by a stunning upward revision to the numbers for the prior two months.
Nonfarm employers added 132,000 workers last month, while about 125,000 had been forecast, and the unemployment rate was unchanged at 4.5%, the Labor Department said Friday.
However, the big news came in the change for April and May, when, combined, 75,000 more jobs were created than the government first reported.
Last month, employment rose in several service-providing industries, while manufacturing employment continued to drop, the government said. Average hourly earnings rose by 6 cents, or 0.3%.