The report marked the slowest month of hiring since February, when hiring contracted.
The U.S. economy added just 57,000 jobs in June, a worrying sign for labor market stability as wage growth tracked below inflation for a third consecutive month.
In June, average hourly earnings increased by 3.5%, which remains far below the most recent inflation reading of 4.2%.
The unemployment rate ticked down to 4.2% from 4.3%. June’s total was the lightest month of hiring since February, when the labor market contracted.
Not to worry… the pedophile president made a bundle of money so everything that matters is fine
wage growth?
And we shouldn’t be surprised if that number is downgraded in a month or two’s time. That’s what’s been happening fairly often recently. The final number will likely end up being < 40,000.
Probably a lot less than 40,000:
The report also included sharp downward revisions for prior months. Hiring in April was cut by 31,000 jobs, and May was revised down by 43,000.
