The June jobs report showed a bigger-than-expected increase in employment. The Fed’s rate cuts are on hold for now.

Advanced ➔ Results Economic ReportThe June jobs report showed a bigger-than-expected increase in employment

The Fed’s rate cuts are on hold for now

ETResizeListen(1 min)A hiring sign is displayed in a Pizza Hut store in Austin, Texas

Hiring has slowed in most parts of the country, but Texas is still adding lots of new jobs

Photo: Getty ImagesThe U

But the pace of hiring has slowed since last year as es grapple with trade wars and an immigration crackdown

Half of the new jobs were created by state and local governments, taking some shine off a seemingly solid report

The Author Jeffry BartashJeffry Bartash is a reporter for MarketWatch in Washington

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