The US economy generated 206,000 non-farm jobs in June, according to the Labor Department, a number roughly in line with market expectations, which were generally around 200,000.

The unemployment rate rose by 0.1 points to 4.1%, where economists were expecting only 4%, while the labor force participation rate stood at 62.6%, and average hourly earnings rose at an annual rate of 3.9%.

In addition, non-farm payrolls for the previous two months were revised, from 165,000 to 108,000 for April and from 272,000 to 218,000 for May, for a total revision balance of -111,000 for these two months.

Copyright (c) 2024 CercleFinance.com. All rights reserved.