The US economy added jobs at the slowest pace since December 2020, reflecting a slowdown in the labor market.
The economy added 209,000 jobs in June, the Bureau of Labor Statistics reported, falling short of estimates for 230,000 jobs.
May’s data was revised to a total of 306,000 jobs from 339,000. April’s data was also changed from 294,000 jobs to 217,000.
The unemployment rate fell slightly to 3.6% in June, from 3.7% as expected.
Working hours edged up by 0.1 hour to 34.4 in June. The average.
In June, average hourly earnings rose by 12 cents, or 0.4%, to $33.58.
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US Monthly Job Report |
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Forecast |
Previous |
Current |
Change |
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Number of jobs (‘000) |
+230 |
+306 |
+209.0 |
(97) |
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Unemployment rate (%) |
3.6 |
3.7 |
3.6 |
(0.1%) |
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Average hourly earnings |
-- |
33.46 |
33.58 |
0.12 |
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