Employment gains were broad in June, with manufacturing payrolls increasing 1,000 after factories shed 2,000 jobs in May. Construction companies added 16,000, and mining, which includes oil and gas drilling, gained 8,000.
Expectations for a June job increase were around 179,000 - a figure that was easily exceeded. The U.S. economy created 222,000 new jobs in June, well above Wall Street's forecast.
At full employment, businesses have an extremely hard time finding available, qualified workers to fill job openings. There are more than 6 million open positions, a record level, according to a separate report from the Labor Department.
President Donald Trump's chief economist advisor Gary Cohn has said in recent months that the administration is focused on bringing this rate down. Roughly 10,000 Americans turn 65 every day. The greenback also rose to a more than one-week peak against sterling. Average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents in June to $26.25.
Friday's report from the Labor Department shows wages grew 2.5 percent in June from the same period a year earlier. Any reading above 50 indicates expansion.
And people who are unemployed or who have stopped looking altogether are typically hired at wages about 30 percent below the median pay, research has found. Americans have stepped up their spending, and companies are restocking their shelves and warehouses with new goods. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. This is below the targeted growth rate of 3.5 percent.
An Institute for Supply Management survey released Monday reported that factory activity expanded in June at the fastest pace in almost three years.
"Wages are accelerating in some industries, just not enough industries", wrote Steven Blitz, chief USA economist at TS Lombard, in a note to clients. Another barometer counts people who have given up their job hunts and so are no longer counted as unemployed.
Although the Bureau of Labor Statistics adjusted its figures for seasonal disparities, such as the effects of holidays, weather and school schedules, some would argue that a better comparison would be February through May of 2016.
At the current pace, the US would add about 1.9 million jobs in 2017. But while the employment headline number was strong, inflation pressure was still tame.
Information for this article was contributed by Christopher S. Rugaber and Josh Boak of The Associated Press and by Patricia Laya of Bloomberg News.
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