New Jobs Report: Labor Market Is Cooling ...Middle East

Job growth slows, unemployment rises a bit Newsday via Getty Images Employers added 206,000 payroll jobs in June, according to the new jobs report just released by the US Department of Labor. That was just slightly above the consensus economist forecast of 190,000. But, on many other measures, we see a labor market that is gradually cooling. Perhaps the most important numbers in the report were the downward revisions to estimates of job growth in April and May. Payroll growth was revised down from 165,000 to 108,000 in April, and from 272,000 to 218,000 in May. The latter revision is particularly important, since the initial job growth measure for May suggested a labor market that remaine

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