The June jobs report showed the slowest pace of hiring since the early innings of the pandemic, but rising wages and an ultra-low unemployment rate should keep the Federal Reserve on track to raise interest rates at the next Fed meeting, experts say.
Nonfarm payrolls expanded by 209,000 last month, the Bureau of Labor Statistics said Friday, missing economists' forecast for the creation of 230,000 jobs. Adding to the evidence of an economy that's cooling slightly, payroll figures for May were revised down to 306,000 from the 339,000 new hires originally reported.
