U.S. employers added 57,000 jobs in June, missing forecasts as prior months were revised lower. The unemployment rate fell to 4.2%, but wage growth remained below inflation and leisure and hospitality jobs declined sharply.
Posts tagged as “jobs report”
U.S. employers added 172,000 jobs in May and the unemployment rate stayed at 4.3%, signaling a resilient labor market. The strong report comes as inflation and energy prices rise, complicating the Federal Reserve’s next interest rate decision.