June Jobs Report

#Jobs — Lower than expectations, and effectively erased by prior month revisions.

Gain of +57,000 non-farm payroll jobs, vs. expected gain of +115K
Unemployment down 0.1 to 4.2%
U6 unemployment 7.9%, down by 0.2%
Labor force participation down 0.3 to 61.5%
Average hourly earnings up by 0.3%; +3.5% Y/Y

May jobs revised down by -43K to +129K
April jobs revised down by -31K to +148K