US non-farm payrolls added only 57,000 jobs in June, significantly below expectations, indicating a sharp slowdown in employment growth. This weaker-than-expected data is likely to temper market expectations for a Federal Reserve rate hike in the near future.
US Payroll Growth Slows Sharply in June, Damping Fed Rate Hike Bets
Non-Farm PayrollsFed PolicyRate HikesEconomic DataUS Economy