June payrolls rise by 209,000, lower than expected. Unemployment rate at 3.6%
Nonfarm payrolls increased by 209,000 jobs last month, the Labor Department said on Friday. May payrolls were revised lower to up 306,000 from up 339,000. Economists polled by Reuters had forecast payrolls rising 225,000.
The unemployment rate slipped to 3.6% from 3.7% in May.BONDS: The yield on 10-year Treasury note eased after the number but was last up 1.7 basis points from late Thursday at 4.058%; The two-year U.S. Treasury yield fell and was down 3.1 basis points from Thursday at 4.975%.
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