- US job growth slowed in June with only 57,000 jobs added, less than half of May's total, indicating employer caution.
- Unemployment rate dipped to 4.2%, partly due to people leaving the workforce, and inflation remains high while consumer confidence is low.
- Restaurants, bars, and hotels cut 61,000 jobs despite World Cup events, reflecting consumer pullback, especially among lower-income households.
- Professional and business services added 36,000 jobs, including AI-related fields, while construction and manufacturing saw modest gains.