The labor market in the United States showed signs of slowing in June, with payrolls increasing by 209,000, below expectations for an increase of 230,000. The unemployment rate edged down to 4.0%, its lowest level since 2000, while average hourly earnings grew 2.7% over the same period a year ago, as expected. The data suggest that the U.S. economy may be cooling after a strong first quarter.
U.S. payrolls climbed by 209,000 in June, less than expected
