business
U.S. payroll growth slowed sharply in June, with only 57,000 jobs added
Key takeaways
- The U.S. added 57,000 jobs in June, according to the government's Nonfarm Payrolls Report released Thursday morning.
- The unemployment rate came in at 4.2% versus an expected 4.3% and May's 4.3%.
- Up strongly ahead of the report, bitcoin BTC$61,482.17 held above $61,000, higher by 4% over the past 24 hours.
The U.S. added 57,000 jobs in June, according to the government's Nonfarm Payrolls Report released Thursday morning. That's lower than the 110,000 forecasted by economists and significantly below May's 129,000 gain (revised from an originally reported 172,000).
The unemployment rate came in at 4.2% versus an expected 4.3% and May's 4.3%. The drop in the UE rate, even as hiring slowed, was due to the Labor Force Participation rate declining to 61.5% from 61.8%.
Up strongly ahead of the report, bitcoin BTC$61,482.17 held above $61,000, higher by 4% over the past 24 hours.
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