America’s employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, a sign that the economy’s resilience is confounding the Federal Reserve’s drive to slow growth and inflation.

The latest evidence of economic strength makes it all but certain that the Fed will resume its interest rate hikes later this month after having ended a streak of 10 rate increases that have been intended to curb high inflation.

The June hiring figure reported by the government Friday is the smallest in 21/2 years. But it still points to a durable labor market that has produced a historically high number of advertised openings. The unemployment rate fell from 3.7% to 3.6%, near a five-decade low.

Most of the details in the report underscored the job market’s durability. The length of the average work week edged up. Hourly pay is up 4.4% from a year ago. Wages are now growing faster than year-over-year inflation, which amounted to 4% in May.

The wage data may raise concerns at the Fed, which is worried that faster pay gains will perpetuate inflation by leading companies to raise prices to offset their higher labor costs. The Fed wants to see hiring and wage increases slow before halting its rate hikes.

Friday’s data contained some evidence of a slower pace of hiring, which could reassure the Fed that the economy is moderating.

The government on Friday also downgraded its estimate of job growth for April and May combined by a substantial 110,000, another sign that hiring has eased from last year’s breakneck pace.

In a sign of a potential slowdown in the job market, fewer Americans are quitting their jobs to seek new positions. Quits had soared after the pandemic. Millions of Americans had sought more meaningful or better-paying jobs, stoking the pressure on companies to raise pay to keep their employees. In May, about 4 million Americans left their jobs, up from April’s figure but below a peak of 4.5 million reached last year.

Still, other recent reports suggest that the economy has continued to expand and that demand for workers remains high. On Thursday, a survey of service providers — including banks, restaurants and shipping companies — found that the sector expanded at a healthy clip in June and that services companies accelerated their hiring compared with May.

— Associated Press