Job Growth Slows Amid Summer Dip | Sacramento News

Job growth unexpectedly slowed in June, with only 57,000 new positions added—far below the 100,000 forecast—after a string of strong months. April and May’s numbers were also revised down by 74,000 combined. While professional services and healthcare added workers, leisure and hospitality lost 61,000 jobs, defying summer event predictions. The dip in accommodation and food services dragged down June’s overall gain. Despite the slowdown, the labor market remains resilient, outpacing last year’s pace. The softer data may give the Fed pause on raising rates amid stubborn inflation, offering a potential reprieve for the economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f417a93f81421b3f