Economic news

U.S. labor market figures beat forecast in June

The U.S. economy added 222,000 nonfarm payrolls in June, while Wall Street economists were expecting gains of 175,000.

The unemployment rate rose slightly from a 16-year trough of 4.3% to 4.4%, the Labor Department reported on Friday.

Earnings growth was weaker than anticipated. The average hourly wage rose by 0.2% in June compared to the previous month and 2.5% in annual terms.

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