U.S. job growth slows sharply in June: nonfarm payrolls rise just 57,000 vs 115,000 forecast; jobless rate dips to 4.2% as labor force participation hits lowest since March 2021.
U.S. job growth cooled in June, with nonfarm payrolls rising a seasonally adjusted 57,000 — well below forecasts of 115,000 and down from May's 129,000 — while the unemployment rate edged down to 4.2% as labor force participation fell to 61.5%, its lowest since March 2021.
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