The U.S. economy added 288,000 jobs in June as employers' demand for workers increased. The unemployment rate dipped to 6.1%. Pension Partners research director Charlie Bilello tells TheStreet's Joe Deaux that this was a promising report that suggests we may finally have witnessed the economy 'turning the corner.' The May jobs report was upwardly revised to 224,000 and the April jobs report revised higher to 304,000. The labor force participation rate remained unchanged at 62.8% and the average work week stayed at 34.5 hours. The Labor Department reported that wages rose by 2% year-over-year.

More from Video

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)

Racing Legend Mario Andretti Has Great Advice for Retirees

Racing Legend Mario Andretti Has Great Advice for Retirees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees