Augusta SaraivaJul 3, 2026 – 2.16amUS hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year.Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data showed. The unemployment rate fell to 4.2 per cent as labor force participation plunged.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US hiring slows sharply, curbing job-market momentum
The US economy added just 57,000 jobs in June, and the government revised lower the prior two months. The jobless rate fell to 4.2 per cent.
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