"US Hiring Slows in June, Rattling Markets and Fed Rate Increases"
US hiring in June slowed more than expected, with employers adding 850,000 jobs, falling short of the projected 900,000. The unemployment rate, however, increased slightly to 5.9% as more people entered the labor market. The slowdown in hiring suggests that the labor market recovery may be losing momentum, raising concerns about the strength of the economic recovery.