WASHINGTON (Reuters) – The U.S. economy added fewer jobs than expected in June, but wage growth picked up a bit, the Labor Department’s monthly report showed on Friday.
The report reports 209,000 non-farm payrolls last month, while economists and analysts polled by Reuters forecast an average of 225,000.
The May figure has been revised to 306,000 from the previously announced 339,000.
The unemployment rate, calculated on the basis of a separate survey, fell to 3.6%, as expected by the consensus, after 3.7% the previous month.
The rise in the average hourly wage accelerated to 0.4%, after +0.3%, bringing its increase over one year to 4.4% against 4.3% previously.
After the release of the Labor Department report, treasury yields reversed their rise, with 10-years falling nearly three basis points to 4.0196%.
At the same time, the dollar fell 0.1% against a basket of benchmark currencies, while futures on major indices suggested a mixed-order open with the Dow Jones down 0.09%, an increase of 0.1% for the Standard & Poor’s 500 and 0.34% for the Nasdaq.
(Report Lucia Mutikani; Claude Chendjou, edited by Kate Entringer)
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