(Finance) – The US economy created 209,000 jobs in June, less than analysts expected, thus weakening expectations of new hikes by the Federal Reserve.
According to the US Bureau Of Labor Statistics, job growth was 306,000 in May. Analyst expectations were for an increase of 240,000 units.
Also in June, the unemployment rate it marked a decline to 3.6% from 3.7% in May. The figure is in line with the consensus.