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U.S. Adds More Than 200,000 Jobs for Fifth Straight Month

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.