Employment and Unemployment Rates Jump in June???

On Friday July 8th, the U.S. Bureau of Labor Statistics (BLS) released their newest unemployment data for June 2016. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate is 4.9% up from 4.7% for May. The current “Unadjusted” rate is 5.1% up from 4.5% in May. In an interesting twist, although total non-farm payroll employment increased by 287,000 in June, the unemployment rate also rose to 4.9 percent from 4.7%.