U.S. Payrolls Rise Less Than Expected

Employers in the U.S. hired fewer workers than forecast in June, showing the labor market is making scant progress toward reducing joblessness. The Department of Labor reported that payrolls rose 80,000 last month after a 77,000 increase in May. The unemployment rate held at 8.2%. Private employment, which excludes government agencies, increased 84,000 in June, the weakest in 10 months.

Read the full release: Employment Situation Summary