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US Hiring Slows Sharply In June As Nonfarm Payrolls Rise By Just 57,000 Business

US Hiring Slows Sharply In June As Nonfarm Payrolls Rise By Just 57,000

Short2News· 3mo ago ·👁 35 reads

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.

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