U.S. Employers Add 195,000 Jobs in June; Jobless Rate Stays at 7.6%

job seekers employment economy
job seekers employment economy

By Lucia Mutikani

WASHINGTON -- U.S. job growth increased more than expected in June, which could draw the Federal Reserve closer to implementing a plan to start scaling back its massive monetary stimulus later this year.

Employers added 195,000 new jobs to their payrolls last month, the Labor Department said Friday, while the unemployment rate held steady at 7.6 percent as more people entered the workforce.