was stronger than expected in a couple of respects, but downward revisions to the May report -- and a slight rise in the
to 4.3% from 4.2% -- are helping quell fears that the economy is growing too quickly for the
expanded by 268,000 in June, exceeding the 220,000-job gain forecast by economists surveyed by
. The average gain over the last 12 months including June was 226,000.
Service-sector payrolls, the biggest component of the report, expanded by 280,000, also an above-trend pace. Manufacturing payrolls contracted once again, losing 35,000 jobs, marking the 10th consecutive month of manufacturing job losses.
May payrolls, however, were revised to show a loss of 5,000 jobs from the originally reported gain of 11,000, tempering the effect of the bigger-than-expected June number.
A similar pattern was on display in the wages component of the report.
Average hourly earnings
rose 0.4% in June to $13.23, a tenth more than expected. But the May gain was revised to 0.3% from 0.4%. Even so, the year-on-year rate of average hourly earnings growth rose to 3.7% from 3.5%.
The report's final main component, the
, was in line with expectations at 34.5 hours.