Morningstar

June US Jobs Report: 57,000 Rise in Payrolls, Below Forecasts

The unemployment rate fell to 4.2%.

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The US economy added 57,000 jobs in June, according to the latest report from the Bureau of Labor Statistics. The unemployment rate fell to 4.2% from 4.3% in May.

Nonfarm payroll employment had been forecast to show an increase of 100,000, down from an increase of 172,000 initially reported in May, according to FactSet. That gain has since been revised down to 129,000. Meanwhile, the unemployment rate had been forecast to remain steady at 4.3%.

June Jobs Report Key Stats

  • Total nonfarm payrolls rose by 57,000 after rising by 129,000 in May.
  • The unemployment rate fell to 4.2% in June from 4.3% in May.
  • In June, average hourly wages rose by 13 cents, or 0.3%, to $37.64.

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