US job growth slows in June, wage increases trail inflation
US job creation slowed in June, adding 57,000 positions, falling short of economists' expectations. Wage growth also continued to lag behind inflation, according to data released on July 2.
US employment growth decelerated significantly in June, with the economy adding 57,000 jobs, a figure considerably below economists' forecasts. Data released on July 2 by the Bureau of Labor Statistics also indicated that wage increases remained insufficient to keep pace with inflation. This mixed economic report emerges just before major celebrations for the 250th anniversary of US independence, where President Donald Trump is expected to emphasize his administration's economic achievements, potentially facing scrutiny over these latest figures.
Sources: Le Monde — International