US JOBS BEATS EXPECTATION BUT WEAK INFLATION HOLDS BACK WAGES

The US economy added a better-than-expected 222,000 new jobs in June and the unemployment rate held at 4.4%. Analysts had been expecting Non-Farm Payrolls growth of 179,000 and the unemployment rate to be 4.3%. Wage growth, however, remained muted, with average hourly earnings rising 2.5% on an annualized basis, essentially unchanged from the previous month. […]