US job growth in June exceeded expectations by adding 206,000 new jobs, although slower than previous months. The unemployment rate in the US increased slightly to 4.1%, with wage growth at its lowest in three years. Analysts believe these figures could prompt the Federal Reserve to consider cutting rates later this year. Economists had predicted a job increase of 190,000 for June. The CEO of Bowerstock Capital Partners stated that the data is not alarming enough to cause concern in the markets or for the Fed, which has hinted at a potential rate cut. The Federal Reserve has maintained interest rates at 5.25%-5.5% for over a year but acknowledged in their latest meeting that the economy is slowing and inflation is receding. The job growth numbers suggest a steady but cautious approach to economic policy.