Anyone who, like the Federal Reserve, has been looking for continued good news that might indicate a future of falling interest rates should be heartened by June's job numbers.

The number of new jobs was 206,000, only slightly above the 200,000 predicted by economists Dow Jones polled. That compares to the originally announced 272,000 for May. Also, the unemployment rate, estimated at 4.0%, came in at 4.1%.

Additionally, there was a downward revision of previous estimates in April (-57,000) and May (-54,000) for a negative total of 111,000. As the Council of Economic Advisors tweeted, the average three-month payroll gain ending in March, was 177,000. Close to a third of June's jobs were government-related.