The Labor Department reported on Friday that the U.S. added 206,000 jobs last month. The unemployment rate ticked up to 4.1%.

The report continues a run of remarkable job market resilience that has continued even as the Federal Reserve has kept interest rates at their highest level in more than two decades.

Still, hiring activity has slowed, and the labor market appears to have come into better balance. The unemployment rate has risen from the multidecade low of 3.4% it hit early last year.

Average hourly earnings were up 3.9% in June from a year earlier, marking their smallest gain since 2021.... Read More: WSJ