June Jobs Report

#Jobs — Gains beat expectations again, but drop in prior months

Gain of +206,000 non-farm payroll jobs, vs. expected gain of 190K
Unemployment up 0.1% to 4.1%, vs expectation of unchanged
U6 unemployment 7.4%, unchanged
Labor force participation up 0.1 to 62.6%
Average hourly earnings up by 0.3%; +3.9% Y/Y

May jobs revised down by -54K to +218K
April jobs revised down by -57K to +108K