Jobs data has "been moving in a good direction," said Federal Reserve Chair Kevin Warsh in his June 17 press conference, his first as head of the central bank. And while the June jobs report, released ahead of the July 2 open, snapped a streak of strong nonfarm payroll releases, economists don't seem too worried about the slowdown.
According to the Bureau of Labor Statistics (BLS), the U.S. added just 57,000 new jobs in June, well below the 115,000 economists expected.
