BREAKING: The U.S. added 209,000 jobs in June, less than expected.
Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market.
The total, while still solid from a historical perspective, marked a considerable drop from May's downwardly revised total of 306,000 and was the slowest month for job creation since payrolls fell by 268,000 in December 2020. Job growth would have been even lighter without a boost in government jobs, which increased by 60,000, almost all of which came from the state and local levels.Leisure and hospitality, which had been the strongest job-growth engine over the past three years, added just 21,000 jobs for the month. The sector has cooled off considerably, showing only muted gains for the past three months.
There had been some anticipation that the Labor Department report could show a much higher than anticipated number after payrolls processing firm ADP on Thursday reported growth in private sector jobs of 497,000.
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