Hiring in the U.S. cooled sharply in June, with employers adding just 57,000 jobs, according to the latest jobs report from the Bureau of Labor Statistics (BLS). That figure is well short of economists’ expectations for between 100,000 and 115,000 jobs.
The report also included a notable downward revision: The economy added 74,000 fewer jobs in April and May combined than previously reported. That update suggests hiring momentum was softer heading into June than earlier data had indicated.