Job Market Mixed Signals in June | Phoenix News

Job growth in June came in weaker than expected, with only 57,000 new jobs added—far below the 110,000 economists predicted—yet the unemployment rate dipped to 4.2%. April and May’s job totals were revised down by 74,000 combined, dragging down private sector gains to 49,000. Leisure and hospitality surged in May with 70,000 jobs but plummeted 61,000 in June despite major events, while retail lost 7,500. Healthcare added 22,000 jobs, slower than average, and manufacturing barely met forecasts with a 3,000 gain. It’s a mixed picture: growth is uneven, unemployment is falling, but momentum remains fragile across key sectors. 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/5110f2941cd34837