Washington DC, July 2 -- The US job growth slowed in June as data from the Bureau of Labor Statistics showed that non-farm payrolls increased by 57,000 jobs compared to a revised 129,000 in May.

However, the US unemployment rate dropped to 4.2 per cent, pointing to a stable labour market as hiring stabilised amid growing investments in artificial intelligence.

"Employment continued to trend up in professional and business services, social assistance, and health care. Leisure and hospitality lost jobs," the bureau said in its release.

There was little change in both the unemployment rate and the number of unemployed people from the May numbers. A total of 7.1 million people were unemployed in June. The reduced labour force participation...