4 months ago
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(The Hill) - The U.S. economy added 206.000 jobs in June, and the unemployment rate rose slightly to 4.1 percent, according to new Labor Department data released Friday.
The latest jobs numbers are are largely in line with expectations that the economy would add 190,000 jobs and maintain a jobless rate of 4 percent.
This follows a blockbuster report in May, which saw 272,000 jobs created but also marked the end of the unemployment rate’s longest sub-4 percent streak since the 1960s, as it ticked up slightly from 3.9 to 4 percent.
The Labor Department on Friday revised May's job gain down to 218,000 and April's job gain down to 108,000, meaning the economy added 111,000 fewer jobs than first reported.
The labor market has remained surprisingly resilient as the Federal Reserve maintains two-decade high interest rates as part of its effort to bring inflation back down to target.
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