U.S. job growth slowed marginally in June, but a rise in the unemployment rate to more than a 2-1/2-year high of 4.1% and moderation in wage gains pointed to an easing of labor market conditions that keeps the Federal Reserve on track to start cutting interest rates this year.

Job openings rose to 8.14 million in the month of May, according to the latest JOLTS data (Job Openings and Labor Turnover Survey) from the US Bureau of Labor Statistics, outpacing economist expectations of nearly 7.

U.S. job openings rise slightly to 8.1 million in May despite high interest rates intended to cool labor market