US hiring falls to just 57,000 in June amid elevated inflation, global turmoil

US employers significantly slowed hiring last month, adding just 57,000 jobs, a stark contrast to previous months. This cautious approach signals lingering economic unease, despite a slight dip in the unemployment rate. Inflation remains high, and consumer confidence is low, prompting businesses to remain wary. While the economy shows modest growth, a slowdown is anticipated in the current quarter.