Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.
Joe Raedle | Getty ImagesThe U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday.
The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy.
A broader unemployment rate which counts discouraged workers and those holding part-time jobs for economic reasons held steady at 7.4%.
Household employment, which is used to calculate the unemployment rate, increased by 116,000.
Persons:
Joe Raedle, Nonfarm, Dow Jones
Organizations:
Amerant, Labor Department, Dow, Federal Reserve
Locations:
Florida, Sunrise , Florida