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A dose of reality dragged those expectations back down to earth on Thursday when payroll data showed the US economy added 147,000 jobs in June and the unemployment rate ticked down to 4.1 per cent.

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The U.S. job market delivered another upside surprise last month, churning out a better-than-expected 147,000 jobs.

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Most economists expect the Bank of England to cut interest rates next month at its August meeting. Will we see further cuts ...

The U.S. economy added 147,000 jobs in June, but private sector hiring has significantly slowed due to economic uncertainties and high interest rates.