 Monday news at 10 and 40 past the hour brought to you by PenFed. Great rates for everyone. Here's Jeff Claybaugh. Hiring at U.S. companies and wage growth both slowed in June. While the unemployment rate moved up, increasing bets the Fed is ready to cut rates soon. But June unemployment rate was 4.1%, the highest in two and a half years. Companies did add 206,000 jobs last month, but job growth in April and May was cut by 100,000.