Economists estimate that hiring continued at a solid pace in June, but slowed from prior months as the broader economy weakened under the weight of high inflation and rising interest rates.
Economists surveyed by The Wall Street Journal think the unemployment rate held at 3.6% last month while employers added 250,000 jobs. Such payrolls growth would mark a slowdown from earlier in the year, when companies added an average of nearly 500,000 workers each month, but it would still suggest the job market was on a stable footing.
