US employers added 206,000 jobs in June, slightly the predicted 200,000 economists had expected. Average hourly earnings also topped forecasts, rising 3.9% from a year earlier. However, the unemployment rate increased to 4.1% from May's 4.0%, hitting over 4% for the first time in almost three years.
Despite the hiring slowdown, the labor market has achieved a better balance, providing a sense of security for both employers and employees. Employers can take more time when hiring and have a more robust candidate pool, but there are still ample available positions for candidates looking for new opportunities.
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3moI’m pretty sure it’s not “in line with expectations” of the people still out of work?