US employers have reduced their hiring pace, adding only 57,000 jobs in June. This is less than half the number of jobs added the previous month.

The unemployment rate has declined to 4.2%, down from 4.3% in May. However, this decrease is largely due to people who are out of work giving up their job search and no longer being counted as unemployed.

Further details on the current state of the job market are available from the Labor Department. The slowdown in hiring suggests that businesses are still cautious about the economy's health, amid high inflation and low consumer confidence.