The report released by the US Bureau of Labor Statistics just moments ago showed that the US economy added 147,000 jobs in June, compared to 139,000 in March, which was revised down from 144,000. This was better than market expectations of 110,000 jobs.
Conversely, the unemployment rate fell 0.1% in June to 4.1%, confounding expectations of a rise to 4.3%. This coincided with an increase in the labor force participation rate to 62.3% from 62.4% in May.
Hourly wages rose 0.2% in June, compared to 0.4% in May, below expectations. On an annual basis, they rose to 3.7%, compared to 3.9% in May, while expectations were for a 3.8% increase. In terms of sectoral details, the goods production sector added approximately 6,000 jobs, the manufacturing sector lost 7,000 jobs, the construction sector added 15,000 jobs, and the services sector added approximately 68,000 jobs. The healthcare sector added 39,000 jobs, and the social assistance sector added 19,000 jobs.