US adds just 57K jobs in June, falling short of expectations
Summary
The U.S. added only 57,000 jobs in June, which is much fewer than expected. The unemployment rate went down slightly to 4.2 percent.Key Facts
- U.S. employers added 57,000 jobs in June.
- Economists had predicted about 110,000 new jobs.
- The unemployment rate decreased slightly to 4.2 percent.
- The data was released by the Bureau of Labor Statistics.
- The slower job growth suggests the labor market is cooling down.
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