Jobs Report Better Than Hoped

The Department of Labor's June numbers are out and they were stronger than expected: The DOL reported that 288,000 jobs were added last month. Perhaps more significantly, they revised the previous two months' reports upward: They May number went from 217,000 to 224,000 and the April number from an already robust 282,000 to 304,000. This is all good news and was desperately needed after the lousy first quarter GDP reports.