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The U.S. economy added fewer jobs than expected in June, as hiring momentum slowed heading into the summer.
Payrolls grew by 57,000 last month, a sharp slowdown from May’s 129,000 gain, according to new Bureau of Labor Statistics data released on July 2.
Markets had forecast an increase of 110,000 jobs.
The unemployment rate eased to 4.2 percent, from 4.3 percent—also below economists’ estimates.
This is a developing story. Please check back for further updates.
…
Payrolls grew by 57,000 last month, a sharp slowdown from May’s 129,000 gain, according to new Bureau of Labor Statistics data released on July 2.
Markets had forecast an increase of 110,000 jobs.
The unemployment rate eased to 4.2 percent, from 4.3 percent—also below economists’ estimates.
This is a developing story. Please check back for further updates.
…
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