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.
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President Trump said he will nominate acting Labor Secretary Keith Sonderling to permanently lead the department. The Senate-confirmed role follows Lori Chavez-DeRemer’s departure amid reported misconduct scrutiny.