U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5%

U.S. nonfarm payrolls declined for the sixth straight month, falling in line with expectations by a total of 62k jobs in June, according to the Bureau of Labor Statistics on Thursday. May's jobs figure was revised to a loss of 62k jobs from an initially reported loss of 49k jobs. The unemployment rate remained at 5.5% following the half-percentage point surge in the rate last month. Read More Now