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Labor Market Cools as U.S. Employers Added 209,000 Jobs in June

The U.S. Bureau of Labor Statistics (BLS) found in its June jobs report that U.S. employers added 209,000 nonfarm jobs in June, below the Dow Jones’ estimate of a net gain of 225,000 jobs. This is the first time in 15 months that reported nonfarm jobs have not met or exceeded Wall Street’s expectations. June’s number of added jobs was nearly 100,000 below May’s revised gains of 306,000. June’s job growth is the lowest monthly gain since December 2020.

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