The United States saw a sharp slowdown in hiring during June, with nonfarm payrolls increasing by only 57,000 jobs. The unemployment rate fell to 4.2%, while labor force participation declined sharply. The modest job growth highlights lingering weakness in the labor market despite a lower unemployment figure.
The United States saw a sharp slowdown in hiring during June, with nonfarm payrolls increasing by only 57,000 jobs. The unemployment rate fell to 4.2%, while labor force participation declined sharply. The modest job growth highlights lingering weakness in the labor market despite a lower unemployment figure.