The U.S. economy added 57,000 jobs in June. This figure fell below economists' forecasts. It marks the lowest gain in four months.
The Bureau of Labor Statistics reported downward revisions for April and May. These revisions totaled 74,000 jobs. This signals a cooling labor market.
The slowdown raises concerns for the retail sector. The sector depends heavily on consumer health.
Retail trade employment remained largely stagnant. Some data indicates a slight decline.
Slower job creation could pressure household purchasing power. Wage growth continues to trail inflation. This could impact future spending at major retailers, including Walmart.