00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. economy added 57,000 jobs in June, slowing from a downwardly revised 129,000 in May
00:11and missing the Dow Jones forecast of 115,000, according to CNBC.
00:17The unemployment rate fell to 4.2%, driven largely by a drop in labor force participation
00:23to 61.5%, the lowest level since March 2021.
00:29May and April job gains were revised lower, showing labor market growth was weaker than
00:34previously reported.
00:35Average hourly earnings rose 0.3% for the month and 3.5% from a year ago.
00:42Professional and business services led job gains in June with 36,000 new positions, while
00:48social assistance added 25,000.
00:51Healthcare rose by 22,000 at a slower-than-normal pace, and government employment increased
00:56by 8,000.
00:58Leisure and hospitality lost 61,000 jobs as seasonal hiring slowed, missing expectations
01:04that the World Cup could boost payrolls.
01:07Stock futures rose and treasury yields fell as traders eased expectations for a September
01:12rate hike.
01:13For all things money, visit Benzinga.com.
01:16Please note that the World Cup is the serious plan numbers for points in March 2021.
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