Dados EUA (13:30): Job growth weak again

[notiCIas]

June employment report shows pickup from May reading, but payroll gain below forecasts; wages show largest 1-year gain since '01.
July 7 2006: 8:47 AM EDT


NEW YORK (CNNMoney.com) -- Employers added more jobs to the economy in June, but the closely watched government report showed a weaker labor market than Wall Street predicted.

There was a net gain of 121,000 jobs for the U.S. economy, according to the Labor Department report, up from the revised 92,000 gain posted in May. Economists surveyed by Briefing.com had forecast a gain of 160,000 jobs.

   
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The unemployment rate stayed at 4.6 percent, in line with forecasts of economists, who had predicted the rate would remain at the 4.6 percent level reported in May.

The report showed average hourly wages up 0.5 percent to $16.70. That was more than the 0.3 percent increase forecast by economists.

The wage gain represents a 3.9 percent year-over-year rise, the biggest gain in that measure since June 2001. That could be seen as being inflationary, and could prompt the Federal Reserve to keep raising interest rates in an effort to cool the economy and keep prices in check.

But the weaker than expected jobs number was seen as lessening pressure on the Fed to raise rates. Stock futures rallied on the report, and Treasurys rallied, pushing the yield on the 10-year note down to 5.14 percent from 5.18 percent before the report.