U.S. job growth was solid in June while the unemployment rate unexpectedly fell to 4.1%, suggesting the labor market remained stable and potentially allowing the Federal Reserve to delay resuming cutting interest rates until September.

The U.S. economy added 147,000 nonfarm payroll jobs in June, according to data released Thursday by the Bureau of Labor Statistics (BLS). June’s job gains came after the U.S. economy added slightly more jobs than expected in May,