US adds 206,000 jobs in June, more than estimates of 191,000

US adds 206,000 jobs in June, more than estimates of 191,000

Unemployment rate rises from 4% to 4.1%

By Ovunc Kutlu

ISTANBUL (AA) - The US economy added 206,000 jobs in June, more than market estimates, according to Labor Department figures released Friday.

The market expectation for nonfarm payrolls was to show a gain of 191,000 last month.

Job additions for May, on the other hand, were revised down by 54,000, from 272,000 to 218,000.

The unemployment rate, meanwhile, rose to 4.1% in June from 4% in May.

The market estimate for that figure was to remain unchanged at 4%.

The number of unemployed people slightly increased to 6.8 million in June, from 6.6 million in May, while the labor force participation rate slightly rose to 62.6% from 62.5% during that period.

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