finance
U.S. Jobs Rose 57,000 in June While Unemployment Rate Fell to 4.2 Percent
The economy added 57,000 jobs last month against an expected 110,000. The unemployment rate fell to 4.2 percent while labor-force participation declined.
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The U.S. economy added 57,000 nonfarm payroll jobs in June. Economists had forecast a gain of 110,000. The unemployment rate fell to 4.2 percent from 4.3 percent in May. May job growth was revised down to 129,000 from the previously reported 172,000.
April payrolls were revised upward by 64,000 to 179,000. The labor-force participation rate dropped 0.3 percentage points to 61.5 percent. The number of people not in the labor force increased by 832,000.
Establishment survey data showed gains in social assistance, professional and business services, and healthcare. Leisure and hospitality employment declined.
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Continued labor-market resilienceUnderperforming expectations
ResilienceUnderperforms
CorroborationLimited · 3 sources
