U.S. payrolls increased by 147,000 in June, more than expected

U.S. payrolls increased by 147,000 in June, more than expected

Job growth proved better than expected in June, as the labor market showed surprising resilience in the wake of President Donald Trump's calls for interest rate cuts.

Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000, the Bureau of Labor Statistics reported Thursday.

The unemployment rate fell to 4.1%, against a forecast for a slight increase to 4.3%.

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