The jobs data showed hiring slowed in June as the country added fewer than expected payrolls; the unemployment rate fell to 3.6% in June from May’s 3.7%

Stocks slipped yesterday following the jobs report that showed hiring slowed as the country added fewer than expected payrolls in June (209,000), but wages rose, indicating that the Federal Reserve is on track to push interest rates.

The unemployment rate fell by 0.1% in June from May’s 3.7%, while average hourly earnings grew 4.4% in June from a year earlier.