The US economy added more jobs than expected last month as unemployment surprisingly rose [Business Insider]
NerdWallet, Inc. (NRDS)
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Source: Business Insider
Data released earlier this week showed job openings rose slightly from 7.9 million in April to 8.1 million in May. The US labor market came in just a touch hotter than expected, adding 206,000 jobs in June. Meanwhile, the unemployment rate unexpectedly rose from 4.0% in May to 4.1% in June. According to the forecast noted on Investing.com, the US economy was expected to add 191,000 nonfarm payrolls in June. According to a news release from the Bureau of Labor Statistics on Friday, job growth for May was revised from 272,000 to 218,000, and April's job growth was revised from 165,000 to Related stories Investing.com noted that the forecast for June's US unemployment rate was 4.0%. For the last few years, the unemployment rate has been at a historically low level, and while inflation is still stubborn, Nobel Prize-winning economist Joseph Stiglitz recently told Business Insider how remarkable it was that the inflation rate had cooled so quickly — after the rate skyrocketed to
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