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Employers added fewer jobs in June than a month earlier but the unemployment rate ticked down, a decent showing for the U.S. economy.
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A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.
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US job growth slows sharply in June; labor force participation rate at more than 5-year low ReutersJune jobs report: US payrolls rose by 57,000, missing expectations Yahoo FinanceHiring worse than expected in June amid elevated inflation ABC News - Breaking News, Latest News and VideosSteady but not strong: US job growth slowed in June CNN
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Vatican Excommunicates Breakaway Group, in First Major Crisis for Pope Leo The New York TimesVatican declares Society of St. Pius X in schism, excommunicates bishops NPRSSPX declared to be in schism, clerics excommunicated Crux | Taking the Catholic PulseExcommunication decreed for Lefebvrian episcopal ordinations Vatican NewsRebel Catholic Group Consecrates 4 Bishops, Risking Break With Vatican
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The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
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Nonfarm payrolls were expected to rise by 115,000 in June and the unemployment rate to hold steady at 4.3%.
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U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% CNBCJobs report: Labor market may be picking up, but the picture is complicated Yahoo FinanceLive Updates: Status Check on a Stabilizing Job Market The New York TimesJobs report shows weaker-than-expected hiring in June AxiosThe labor market
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