The job market slowed sharply in June, with some reports indicating that the labor force participation rate has reached a more than 5-year low. The unemployment rate ticked down to 4.2%, but this decrease may be attributed to people leaving the workforce rather than an increase in employment. The number of jobs added in June was lower than expected, with one report stating 57,000 jobs were added, although there is some uncertainty as one outlet incorrectly reported the slowdown occurred in August.