U.S. Economy Adds 57,000 Jobs in June

Why it matters locally: Maine's economy, with its dependence on various sectors that often mirror national trends, will likely see similar moderation in job creation rates. Wage growth falling below inflation could impact the purchasing power of workers across the state, including in key industries.

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The U.S. economy added 57,000 jobs in June, according to new data. This June figure reflects a moderation in job creation. Wage growth also recorded a third consecutive month below the rate of inflation. Analysts have observed the trend of wage growth failing to keep pace with rising prices. Employers hired fewer workers overall in June compared to previous months. The specific sectors contributing to the 57,000 job increase were not detailed in the initial report.