Fed Chairman Kevin Warsh said Wednesday the jobs market was "steady" and emphasized the importance of lowered inflation, CNBC reported. Photo by Yuri Gripas/UPI | License Photo
July 2 (UPI) -- The Bureau of Labor Statistics reported Thursday that the U.S. economy added 57,000 jobs in June, much fewer than expected.
Economists had predicted a rise of 115,000 jobs, CNBC reported. The unemployment rate dropped slightly to 4.2% from 4.3%.
Leisure and hospitality jobs, which factored into the larger-than-expected May jobs report, fell by 61,000 with "weaker than usual seasonal hiring," Yahoo! Finance reported. Some economists speculated that the World Cup could spur hiring in the leisure and hospitality sector.
Fields that reported gains included professional and business services, social assistance and health care.
