Labor market shows signs of lag while hiring is concentrated in limited sectors insulated from economic reality

Hiring lost momentum after months of surprising strength.

US employers significantly slowed hiring last month, adding just 57,000 jobs, a stark contrast to previous months. This cautious approach signals lingering economic unease,…

Labor market shows signs of lag while hiring is concentrated in limited sectors insulated from economic reality

US job growth slowed sharply in June with employers adding just 57,000 jobs, according to data released by the US bureau of labor statistics. The slump came even as the…

Chief economists and CIOs sounded gloomy notes. LPL Financial's Jeffrey Roach calculated that 105.8 million Americans have left the labor market.

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.

US employers slowed hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign that companies still have a cautious economic outlook.The…