U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5%
U.S. nonfarm payrolls declined for the sixth straight
month, falling in line with expectations by a total of 62k jobs in June,
according to the Bureau of Labor Statistics on Thursday. May’s jobs
figure was revised to a loss of 62k jobs from an initially reported loss
of 49k jobs.
The unemployment rate remained at 5.5% following the half-percentage
point surge in the rate last month.