US economy adds 206,000 jobs in June as unemployment rate inches higher

Whole nonfarm payrolls got here in stronger than anticipated, as economists surveyed by FactSet had known as for a achieve of 189,500 jobs.
The US unemployment price rose to 4.1% final month, marking the primary time it has exceeded 4% since November 2021, when it was additionally 4.1%. Economists had anticipated the unemployment price would stay regular at 4% in June.
The change in complete nonfarm payroll employment for April was revised down by 57,000, from 165,000 to 108,000, and the change for Might was revised down by 54,000, from 272,000 to 218,000. 
Fed price lower ‘off the desk’ as US financial system provides 272,0…