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Breaking: US hiring falls to just 57,000 in June amid elevated inflation, global turmoil.

general :: 2hrs ago :: source - apnews

By  CHRISTOPHER RUGABER

(AP) — U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook.

The Labor Department said Thursday that the unemployment rate declined to a low 4.2% from 4.3% in May, though the decline mostly occurred because many people out of work gave up looking and were no longer counted as unemployed.

Read full updates on Associated Press


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