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U.S. Added 222K Jobs in June, More Than Expected

But unemployment rate bumps up to 4.4 percent.

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Jose Luis Gonzalez/Reuters

The U.S. added 222,000 new jobs in June, surpassing expectations and shrugging off analysts’ worries about a weakening market. The unemployment rate, however, rose to 4.4 percent, up from 4.3 a month earlier. The Labor Department also revised its figures for April and May, adding 47,000 more jobs than it had previously reported. Average hourly wages rose 2.5 percent from a year earlier. Economists had expected hiring to ease as employers face a tighter labor market.

Read it at The Wall Street Journal

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