Softer, But Not Sounding the Alarm: What June’s Jobs Report Really Says
The U.S. economy added 57,000 nonfarm payrolls in June, the Bureau of Labor Statistics reported, well short of the roughly 115,000 economists expected, while the unemployment rate dropped to 4.2 percent from 4.3 percent in May. Average hourly earnings rose 0.3 percent on the month and held at 3.5 percent