The U.S. economy created 209,000 new jobs in June, down from a downwardly revised 306,000 in May, according to the Bureau of Labor Statistics (BLS). That also came in below the consensus estimate of 225,000 and represented the lowest level of job creation of President Joe Biden’s time in the White House.
Employment growth has averaged 278,000 per month in the first six months of 2023, lower than the 399,000 average in the first half of last year.
