Times of IndiaLean R·
US adds just 57,000 jobs in June as hiring loses momentum despite easing unemployment
US job creation significantly decelerated in June, with only 57,000 new positions added, a stark drop from May's revised figure. While the unemployment rate dipped slightly to 4.2%, the labor force participation rate also declined. Despite job gains in sectors like healthcare and professional services, leisure and hospitality saw a notable loss. Layoffs, however, remained subdued, indicating a stable, albeit slower, labor market.
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