Thursday, July 2
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Topic: employment

The U.S. Department of Labor building in Washington
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.

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