In June, nonfarm payrolls increased by 209,000, lower than the expected growth of 240,000, signaling a slowdown in Job creation. The unemployment rate remained at 3.6%, with wages slightly stronger than anticipated, increasing by 0.4% for the month and 4.4% from a year ago. Government jobs saw the biggest boost, with 60,000 added, while sectors like health care, social assistance, and construction also experienced gains. However, the retail sector lost 11,000 jobs, and the leisure and hospitality sector showed muted gains. The labor force participation rate remained steady, but a more encompassing unemployment rate rose to 6.9%.

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