U.S. Hiring Accelerates While Wage Growth Stays Flat
- Payrolls rise by 222,000; unemployment rate climbs to 4.4%
- Data suggest robust labor market pulling workers off sidelines
U.S. Adds 222K Jobs in June, Jobless Rate Rises to 4.4%
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U.S. hiring picked up in June while wage gains disappointed yet again, a mix that may continue to be a puzzle for the economy and policy makers, Labor Department figures showed Friday.
While payroll gains were broad-based and boosted by the biggest jump in government jobs in almost a year, wages were below forecasts, even with the jobless rate close to the lowest since 2001.