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June Jobs Report: Winning Streak Stalls As Employers Add Less Than Expected

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June Jobs Report: Winning Streak Stalls As Employers Add Less Than Expected

June employment added 57K jobs, coming in below expectations of above 100K. Hiring gains were concentrated in three sectors—professional & business services, social assistance, and health care—implying broader labor-market momentum may be weaker than hoped.

Analysis

June employment added 57K jobs, coming in below expectations of above 100K. Hiring gains were concentrated in three sectors—professional & business services, social assistance, and health care—implying broader labor-market momentum may be weaker than hoped.

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mildly negative

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