U.S. Job Growth Slows in June, Unemployment Rises to 4.1%

In June 2024, the U.S. labor market showed signs of cooling, with payroll growth slowing and the unemployment rate rising. Nonfarm payrolls increased by 206,000, which was better than economists’ predictions of 190,000. However, revisions to previous months’ figures revealed a reduction of 111,000 jobs, highlighting a downward trend. The unemployment rate increased from 4.0% […]