business · 3 outlets · 3 linked reports
US Hiring Slumps to Just 57,000 Jobs in June
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Summary
- US employers added only 57,000 jobs in June 2026, well below the ~115,000 economists expected and down from a downwardly revised 129,000 in May.
- The unemployment rate dipped to 4.2%, but mainly because labor-force participation fell to 61.5% — its lowest since March 2021.
- April and May payrolls were revised down by a combined 74,000, and leisure and hospitality shed 61,000 jobs.
The question
The cooling June jobs report makes a Fed rate cut more likely.
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