Well Below the 115,000 Expected by Economists (Dow Jones)
The US Bureau of Labor Statistics said Wednesday that nonfarm payrolls rose by 57,000 in June from the previous month. The figure fell well short of market expectations, which had forecast an increase of 115,000, based on a Dow Jones survey.
The unemployment rate also came in at 4.2 percent, below the 4.3 percent expected by economists.
Original reporting by Kang Dong-heon for Seoul Economic Daily.
AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.
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