The U.S. Economy Added an Underwhelming 57,000 Jobs in June. Here's the Takeaway for Investors.
After three strong jobs reports, the labor market disappointed in June.
Overview
In a highly anticipated jobs report ahead of the July 4th holiday weekend, the U.S. economy added a seasonally adjusted 57,000 jobs in June, roughly half of what economists expected.
The unemployment rate fell to 4.2% and average hourly earnings rose 0.3% from the prior month, in line with estimates.
Details
As of 12:44 p.m., the Dow Jones Industrial Average traded roughly 347 points higher, while both the S&P 500 Index and Nasdaq Composite were slightly in the red.
Source
Originally published at www.fool.com.
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