U.S. payrolls climbed by 209,000 in June, less than expected

but still enough to further tighten the labor market. The unemployment rate rose slightly, to 6.7 percent, but wages grew by 2.7 percent over the past year, slightly ahead of the 2.6 percent pace of inflation. The number of part-time workers who would prefer full-time jobs rose to 6.9 million from 6.7 million, a sign that the labor market still has some slack.