Labor Department Reports 206,000 New Jobs In June

July 5, 2024 Economy, Employment

The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday. Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast.

The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy. The forecast had been for the jobless rate to hold steady at 4%.

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Payroll employment increases by 206,000 in June; unemployment rate changes little at 4.1% https://t.co/ZwrVfLviqL #JobsReport #BLSdata

— BLS-Labor Statistics (@BLS_gov) July 5, 2024

US employers added a solid 206,000 jobs in June in a sign of continued economic strength https://t.co/Ki1XM4v1eT

— NY Reports (@NYReport1) July 5, 2024