US labor market weakened in June

In June, the US labor market showed signs of weakening with only 57,000 new jobs added, a sharp decline from the previous three months which saw over 100,000 jobs added each month. This slowdown was confirmed by a new report from the U.S. Bureau of Labor Statistics. Additionally, job gains for April and May were revised downwards, indicating a more gradual recovery than initially thought. This shift is crucial as it suggests that the labor market's recovery might be facing more hurdles, potentially impacting economic growth and inflation control.