The June jobs report showed a still strong but cooling labor market, boosting the odds of a Federal Reserve interest rate cut coming sooner rather than later, experts say.
U.S. nonfarm payrolls increased by 206,000 last month, the Bureau of Labor Statistics said Friday, or essentially in line with economists' forecast for the creation of 200,000 jobs. Additionally, the blowout May jobs report was revised lower to 218,000 new hires from the 272,000 previously reported.
