 The Labor Department reported the June jobs report yesterday morning. For last month, non-farm payrolls increased by 206,000. That was slightly better than expectations. However, the unemployment rate did rise to 4.1%. The unemployment rate is now tied for its highest levels since October of 2021. Though job creation topped expectation, it was due in large part to a 70,000 surge in government jobs. On the wage front, average hourly earnings increased by 0.3% for the month.