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

financeJul 2, 2026374,287

The Bureau of Labor Statistics reported the U.S. economy added 57,000 nonfarm payroll jobs in June, well below the Dow Jones consensus forecast of 115,000, while the unemployment rate fell to 4.2 percent. May and April payrolls were revised down by 43,000 and 31,000 respectively, leaving three-month average job gains weaker than previously reported. Labor force participation dropped 0.3 percentage point to 61.5 percent, the lowest since March 2021, and household employment fell by 507,000, a key reason the unemployment rate edged lower. Average hourly earnings rose 0.3 percent for the month and 3.5 percent year over year, matching consensus. By industry, professional and business services led with a 36,000 gain, social assistance added 25,000, healthcare rose 22,000, while leisure and hospitality lost 61,000 jobs amid softer seasonal hiring. Stock futures rose and the two-year Treasury yield fell after the report as traders pared back expectations for near-term Fed tightening; economists including Seema Shah and Thomas Simons said the report reduces immediate pressure on the Federal Reserve to raise rates and makes further hikes this year unlikely.

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
31102h 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.

2802h ago
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