US hiring soars in June, quieting fears of a slowdown

US job creation roared back to life in June, wiping away fears of a slowdown but calling into question a hoped-for interest rate cut from the Federal Reserve despite months of public pressure from President Donald Trump.

After an unexpectedly weak May, the vigorous June rebound delighted President Donald Trump, who is preparing to seek reelection next year.

"JOBS, JOBS, JOBS!" he wrote on Twitter, claiming credit for record employment levels.

Trump, who recently likened the Fed to a "stubborn child" for dragging its feet on a rate cut to boost the economy, again slammed the central bank.

"Our country continues to do really well," but "If we had a Fed that would lower interest rates, we would be like a rocket ship," he told reporters at the White House.

"But we don't have a Fed that knows what they're doing."