US adds 850,000 jobs in June, the most in 10 months as hiring gains pace

US job growth accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the broadening of economic activity.

Non-farm payrolls increased by 850,000 last month and the unemployment rate edged up to 5.9 per cent, a Labor Department report showed Friday. May payrolls were revised up to a 583,000 gain. The labor force participation rate held steady and remained well short of pre-pandemic levels.

The median estimate in a Bloomberg survey of economists was for a 720,000 rise in June payrolls. S&P stock index futures climbed and