Fewer jobs than expected were added to company payrolls in June. That's further evidence that the U.S. economy is slowing down a bit. The number of new jobs grew by a scant 11,000 during the month -- excluding the number of temporary government workers hired to help with the census. The news gave stock and bond prices a lift. Investors are hoping that the latest report will persuade the Federal Reserve that it no longer needs to raise interest rates. NPR's Jim Zarroli reports.
Copyright 2000 NPR
