Gasoline Slips as U.S. Employers Add Fewer Jobs Than Expected
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Gasoline futures slid as U.S. employers added fewer jobs than projected in June, increasing concerns that the country’s economic recovery is stalling and fuel demand won’t improve.
Prices fell for the first time in three days as Labor Department figures showed June payrolls climbed 80,000 after a 77,000 increase in May. Economists projected a 100,000 gain, according to the median estimate in a Bloomberg News survey. Private employers, which excludes government agencies, added 84,000 workers in June, the fewest in 10 months.