US jobs growth in June beats expectations

US jobs growth slowed last month although the economy still created more posts than expected, official figures show.

Employers added 206,000 jobs in June, although the number of jobs created in May was revised down to 218,000 from the previous estimate of 272,000.

The US unemployment rate edged up to 4.1%, while wage growth rose at its slowest for three years.

Analysts said the figures could take the US central bank, the Federal Reserve, a step closer to cutting rates later this year.


Source link

Check Also

Tata Steel: Ministers confirm £500m subsidy

In a joint statement, Community general secretary Roy Rickhuss and Gary Smith, general secretary of …

Leave a Reply

Available for Amazon Prime
Residential water damage restoration service.