The US adds 57,000 jobs in June, a sharp slowdown that falls well short of economists' payroll forecasts and market expectations.The Bureau of Labor Statistics reports the unemployment rate falls to 4.2% while labor force participation drops to 61.5%, the lowest since March 2021, and broader joblessness eases to 7.9%.Average hourly earnings rise 0.3% month-over-month and 3.5% year-over-year to $37.64, even as economists warn that real wages remain under pressure from persistent price growth.Job gains concentrate in professional and business services, social assistance and health care while leisure and hospitality lose 61,000 jobs, and Federal Reserve officials including
Kevin Warsh say they remain cautious about inflation.