The U.S. added 209,000 jobs in June, showing that hiring is slowing but still solid

Construction workers work with rebar at a site on Tuesday June 6, 2023, in New York. On Friday, The U.S. government issues the June jobs report. (AP Photo/Bebeto Matthews, File)

U.S. employers added 209,000 jobs in June, marking another solid month of job growth, though it was slower than in previous months in an indication that a hot labor market could be cooling.

At the same time, job gains for the previous two months were revised downward by a total of 110,000 jobs, with 306,000 jobs created in May and 217,000 in April.

Meanwhile, the unemployment rate, which is calculated from a different survey, inched down in June to 3.6% from 3.7% the month before.