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U.S. adds 57,000 jobs in June, unemployment 4.2%

financeJul 2, 2026487,637

The Bureau of Labor Statistics reported the U.S. added 57,000 nonfarm payrolls in June, well below the 115,000 Dow Jones consensus forecast and down from a downwardly revised 129,000 in May. The unemployment rate fell to 4.2 percent, but that decline reflected a 0.3 percentage-point drop in the labor force participation rate to 61.5 percent, the lowest since March 2021, and household employment fell by 507,000. Broader U-6 unemployment declined to 7.9 percent. Average hourly earnings rose 0.3 percent for the month and 3.5 percent year over year, in line with expectations. Sector details showed professional and business services led with +36,000, social assistance +25,000, healthcare +22,000, government +8,000, and leisure and hospitality lost 61,000 jobs reflecting weaker seasonal hiring. Markets reacted to the softer report by pricing out near-term rate hikes, with stock futures up and the two-year Treasury yield down about 3.5 basis points to 4.13 percent, and strategists including Seema Shah and Thomas Simons said the slowdown reduces pressure on the Federal Reserve to tighten further.

Ioannis Ziogas
@ziogas.bsky.social

Today's NYT jobs report coverage (left) compared to exactly 2 years ago under Biden (right). Notice the numbers.

NYT headline (July 2, 2026): U.S. Hiring Continues at a Steady Pace
488445d ago
Jon Cooper
@joncooper-us.bsky.social

JUST IN: Disappointing June jobs report under Trump. The U.S. added just 57,000 jobs — well below the 115,000 expected. Hospitality lost 61,000 jobs. April and May numbers revised down by 74,000. Wage growth (3.5%) is lagging behind inflation (~4%). Trump’s economy is stalling.

44745d ago
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