U.S. economy adds 206,000 jobs; April, May revised down

U.S. employers added 206,000 jobs in June, more than expected and slightly below the revised 218,000 added in May, a sign the labor market remains solid. The unemployment rate ticked up slightly to 4.1% vs. 4%. 

This as both April and May data points were adjusted lower by a combined 111,000, signaling fewer jobs created. This may please the Federal Reserve, which is looking for signs inflation is easing. 

U.S. stocks rose following the report. 

Average hourly earnings, another inflation tracker, rose 3.9% year-over-year, in-line with estimates and the smallest increase in three years.