U.S. nonfarm payrolls rose by 206K in June, surpassing the 191K consensus and a slower pace than the 218K notched in May, which was revised down from 272K, the U.S. Department of Labor said on Friday.
The unemployment rate ticked up to 4.1% in June, vs. 4.0% expected, from 4.05% in the previous month.
Average hourly earnings advanced 0.3% from a month before, matching the consensus and easing from May’s 0.4% increase. On a year-over-year basis, average hourly earnings gained 3.9% compared with the +3.9% consensus and +4.1% prior.