U.S. economy adds 222000 jobs in June

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The U.S. economy added 222,000 jobs in June, but the unemployment rate edged up slightly to 4.4 percent, the U.S. Department of Labor reported this morning.

Previous estimates of job gains in recent months were revised upwards - from 138,000 to 152,000 in May and from 174,000 to 207,000 in June, for a net gain of 47,000.

Despite the stronger than expected job growth, the unemployment rate inched up to 4.4% in June from 4.3% in May.

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In June, average hourly earnings rose by 4 cents to $26.25.

Thousands of jobs were added in sectors of healthcare, social assistance, financial activities and mining.

Over the year, average hourly earnings have risen by 63 cents, or 2.5 percent.

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