New Business
Thursday, 7/2, 12:34 PM
US hiring slows sharply in June as payrolls rise just 57,000
- The US economy added just 57,000 jobs in June, far fewer than expected and a sharp slowdown from recent months, while the unemployment rate stood at 4.2 percent.
- The weak reading intensifies the debate over interest rates — and puts pressure on a Federal Reserve chair who has insisted inflation, not hiring, is the priority.