U.S. economy adds 206,000 jobs in June
Investing.com -- The U.S. economy added more jobs that anticipated in June, although the figure was lower than the prior month, pointing to a possible cooling in labor demand in the world's largest economy.came in at 206,000 last month, down from 218,000 in May, according to Labor Department data on Friday. The May reading was also revised down heavily from an initial mark of 272,000, while April's was lowered by 57,000 to 108,000.
In theory, steam leaving the jobs market -- and, by extension, wages -- could help ease inflation. Moderating price gains would, in turn, support hopes that the Federal Reserve will cut interest rates down from more than two-decade highs in 2024.
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