US Job Growth Slows in June Despite Higher Than Expected Job Creation

Official figures show that US jobs growth slowed last month although the economy still created more posts than expected.

Employers added 206,000 jobs in June, while the number of jobs created in May was revised down to 218,000 from the previous estimate of 272,000.

The US unemployment rate edged up to 4.1 per cent, while wage growth rose at its slowest for three years.

Analysts say the figures could take the US central bank, the Federal Reserve, a step closer to cutting rates later this year.

Economists had forecast that the US economy would add 190,000 jobs in June.