In June, the US economy added 206,000 jobs, which was more than the 190,000 expected by economists. This shows a slight decline from May, which saw job gains revised down to 218,000 from the initially reported 272,000. The unemployment rate rose to 4.1%, up from 4% in the previous month.
In June, the US unemployment rate rose to 4.1%, up from 4% in the previous month, marking its highest level since November 2021. This increase came as the US economy added 206,000 nonfarm payroll jobs, surpassing the 190,000 expected by economists.
The highest unemployment rate since the Bureau of Labor Statistics began calculating these figures was 24.9% in 1933, during the Great Depression.