June jobs miss: US payrolls rise 57k as participation slips and revisions weigh on the labor market
TL;DR
The June 2026 US payrolls increased by 57,000, far below economists’ expectations of about 113,000, while the unemployment rate fell to 4.2% (its lowest in a year). April and May payrolls were revised downward by a combined 74,000, dampening momentum. Job gains came from professional and business services, social assistance, and healthcare, but leisure and hospitality lost 61,000 positions as seasonal hiring cooled. The labor-force participation rate also slipped to 61.5%, suggesting softer overall labor-market strength.
Topics:businesseconomy#economy#jobs-report#labor-market#note-only-5-allowed#payrolls#unemployment#us-economy
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