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US Hiring Slows Sharply, Curbing Recent Job-Market Momentum

US Hiring Slows Sharply, Curbing Recent Job-Market Momentum
Key Points

US Hiring Slows Sharply, Curbing Recent Job-Market Momentum US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year. Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Thursday.

US Hiring Slows Sharply, Curbing Recent Job-Market Momentum US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year. Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Thursday.
US (LOCATION) Recent Job-Market Momentum (ORG) Bureau of Labor Statistics (ORG)
Originally published by Bloomberg Markets Read original →