The US economy added 57,000 jobs last month, fewer than economists had anticipated, government data shows. The unemployment rate dipped slightly to 4.2%, its lowest level in a year.
Economists surveyed by Bloomberg had expected the Labor Department’s employment situation report to post a gain of 113,000 jobs at the year’s midway point, with the unemployment rate remaining flat at 4.3% for the fourth consecutive month, after a string of better-than-predicted government data releases and a mixed week for private data.
Jobs data for April and May was also revised lower by a combined 74,000 positions, according to the data.
The labor force participation rate, meanwhile, slipped to 61.5% in June
Yahoo Finance
