Today’s Lead Story
Saturday, July 4Economy
Job Growth Slows Sharply in June as Employers Add Just 57,000 Positions
via Bureau of Labor Statistics
Employers added just 57,000 nonfarm jobs in June, well below the prior-year monthly pace, while the unemployment rate edged down to 4.2% largely because 720,000 fewer people were actively looking for work. Healthcare and professional services posted modest gains, but leisure and hospitality shed 61,000 positions.
Why it matters
A softening job market means workers have less negotiating leverage on pay, and those planning a job change should expect a longer search than a year ago.
