Eight years after the Great Recession ended, the economy is steadily churning out jobs, and the unemployment rate lingers near a 16-year low.
Yet for most Americans, a key measure of economic health — pay growth — still lags behind pre-recession norms.
That didn’t really change Friday, when the Labor Department will release the U.S. jobs report for June.
U.S. employers added a robust 222,000 jobs in June, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.
The government also revised up its estimate of job growth for April and May by a combined 47,000. Hiring has averaged nearly 180,000 jobs a month this year, only slightly below last year’s pace. The unemployment rate for June ticked up to 4.4 percent from 4.3 percent in May, a 16-year low.
The jobless rate rose because more Americans began looking for