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Stock Market Today: Nasdaq Falls After June Hiring Misses Expectations — Live Updates WSJDow rises more than 200 points to record, Nasdaq falls again as chipmakers struggle: Live updates CNBCChip Stocks Tumble Again, Jobs Cool and Rivian Rallies | Markets P.M. for July 2 WSJNasdaq ends lower with tech; investors assess softer jobs data Reuters
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The June jobs report is worse than many people realize.
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US job growth slows sharply in June; labor force participation rate at more than 5-year low ReutersJune jobs report: US payrolls rose by 57,000, missing expectations Yahoo FinanceHiring worse than expected in June amid elevated inflation ABC News - Breaking News, Latest News and VideosSteady but not strong: US job growth slowed in June CNN
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Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%.
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Service-providing businesses added 96,000 jobs, including 2,000 in professional and business services such as accounting and tax preparation, ADP reported.
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ADP said U.S. businesses 98,000 new jobs in June — the smallest increase in three months. The payroll processor said hiring was slow but demand for labor was improving.
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