US job growth moderates in June; unemployment rate rises to 4.1%

In June, job growth slowed with the unemployment rate at 4.1%, reported the Bureau of Labor Statistics. Nonfarm payrolls rose by 206,000, while average hourly earnings increased 0.3%. Revised May data showed fewer jobs added. Wage growth moderation and disinflationary trends bolster the Federal Reserve's rate cut prospects. Monitoring these changes is crucial for economic assessment.