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US employers still reluctant to add many jobs as hiring slows in June
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 Labor Department said on Thursday that the unemployment rate declined to a low 4.2 per cent from 4.3 per cent in May, though the drop mostly occurred because many people out of work gave up looking and were no longer counted as unemployed.
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abcnews.com
US employers pull back on hiring in June amid elevated inflation, global turmoil
U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook
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forbes.com
What Today's Standstill Labor Market Means For Workers
Economists say June’s modest job gains point to a stagnant, low-hire labor market where people are continuing to have a hard time finding new jobs.
