Wall Street Doubts June Jobs Data Amid World Cup Anomaly

Analysts across major banks are growing skeptical of the June U.S. jobs data from the Bureau of Labor Statistics, noting an implausible 61,000‑job drop in leisure and hospitality during the World Cup month and pointing to frequent revisions. While overall payroll gains were modest, economists expect an upward revision to the top-line figure in July as more survey data arrive, underscoring that the labor market remains murky and data quality should be treated with caution amid an uncertain policy environment.