New Economy
Thursday, 7/2, 12:44 PM
U.S. Job Growth Stalls as June Payrolls Rise Just 57,000
- American employers added only 57,000 jobs in June, roughly half what economists expected and a sharp slowdown from earlier in the year.
- The unemployment rate slipped to 4.2%, but a steep downward revision to May's figure pointed to a labor market losing momentum — easing the case for the Federal Reserve to raise rates again.