The US economy added 209,000 jobs in June, lower than market estimates, and the unemployment rate fell to 3.6%, the Labor Department announced on Friday. The market expectation for nonfarm payrolls was a gain of 225,000 in June.
Job additions for May were revised down by 33,000, from a gain of 339,000 to 306,000, according to data from the Bureau of Labor Statistics. The unemployment rate, on the other hand, fell 0.1 percentage point to 3.6% in June, from 3.7% in May.
The market estimate for the figure was to come in at 3.6%. The number of unemployed people stood at 6 million in June.—AA
