Alan Diaz/AP

The U.S. economy added 222,000 jobs in June, while the unemployment rate rose slightly to 4.4%, as more Americans joined the labor force, the Bureau of Labor Statistics announced Friday. Economists were expecting 178,000 jobs and an unemployment rate of 4.3%.

The sectors adding the most jobs include health care and food services. Retail, which has been shedding jobs of late, added a modest 8,000 new jobs, while the mining-support sector added 7,000 new jobs.

Why it matters: The report will cause consternation at the Federal Reserve, as it showed little acceleration in wage growth. As University of Michigan economist Justin Wolfers puts it:

Without rising worker pay, there's little reason to expect the Fed will aggressively raise interest rates to beat back inflation. At the same time, some Fed members are worried that keeping interest rates unusually low is causing investors to take on too much risk.

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Joe Biden is planning to confront China across the globe, embracing some of President Trump's goals but rejecting his means.

The big picture: By starting a trade war with China, Trump has fundamentally altered the U.S.- China relationship — and forced both Republicans and Democrats to accept a more confrontational approach towards Beijing.

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In pictures: Storm Zeta churns inland after lashing Louisiana

Debris on the streets as then-Hurricane Zeta passes over in Arabi, Louisiana, on Oct. 28. It's the third hurricane to hit Louisiana in about two months, after Laura and Delta. Photo: Sandy Huffaker/Getty Images

Tropical Storm Zeta has killed at least two people, triggered flooding, downed powerlines and caused widespread outages since making landfall in Louisiana as a Category 2 hurricane on Wednesday.

The big picture: A record 11 named storms have made landfall in the U.S. this year. Zeta is the fifth named storm to do so in Louisiana in 2020, the most ever recorded. It weakened t0 a tropical storm early Thursday, as it continued to lash parts of Alabama and the Florida Panhandle with heavy rains and strong winds.