US job hiring grows, but so does unemployment

Federal Reserve chief Jerome Powell won't be under any further pressure to tighten monetary support after the latest US jobs data.

The pace of US hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening.

So-called non-farm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a US labour department report showed.