Jobs growth actually cooled a little bit in June but
does still point to a very strong labor market.
So the economy added 209,000 jobs last month down from
306,000 in May and wages rose in a sign that
these inflationary pressures persist. So average hourly earnings gained
4/10 of a percent in June from May. They
were a 4.4% from last year and the unemployment rate
did take a little bit lower to 3.6% percent from
3.7%. So while the jobs number did technically come
up short of economists expectations, it was still strong
enough that nearly all traders are betting that the Federal
Reserve will raise rates again at its late July meeting --> .