June Jobs Report: Payroll Growth Grinds to a Halt as Revisions Erase Two Months of Gains
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Key takeaways:
Payroll growth nearly stalled: BLS reported nonfarm payrolls rose by just 57,000 in June, while April and May were revised down a combined 74,000, erasing much of the spring’s apparent momentum.
Temp help rebounded, but May’s reported gain didn’t hold: Temporary help services added 9,300