The numbers: The U.S. added a robust 224,000 new jobs in June, rebounding from a lull in the prior month that raised fresh worries about the economy
and stoked expectations on Wall Street that the Federal Reserve would cut interest rates soon.
The average wage paid to American workers rose 6 cents to $27.90 an hour. The 12-month rate of hourly wage gains was unchanged at 3.1%. Stocks have surged to record highs in the past few weeks on relaxed trade tensions with China and hopes the Fed would lower interest rates, but now a rate cut might be in doubt.What happened: The increase in hiring was widespread. Professional firms hired 51,000 people, health-care providers added 35,000 jobs and transportation and warehouse companies boosted payrolls by 24,000.
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