US Job Growth Slows Sharply in June

2026-07-02 12:32 By Joana Taborda 1 min. read

The US economy added 57K jobs in June 2026, well below a downwardly revised 129K in May and forecasts of 110K.

It is the lowest job gain in four months, following three consecutive months of stronger-than-expected gains.

However, it was roughly in line with the average monthly change over the prior 12 months (+36K).

In June, employment continued to trend up in professional and business services (36K), social assistance (+25K), and health care (+22K).

Employment in leisure and hospitality declined by 61K, reflecting weaker than usual seasonal hiring, and likely an effect of the World Cup.

Meanwhile, employment showed little or no change over the month in other major industries, including mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; retail trade; transportation and warehousing; information; financial activities; and government.

The change in total nonfarm payroll employment for April and May was revised down by 74K combined.



News Stream
US Job Growth Slows Sharply in June
The US economy added 57K jobs in June 2026, well below a downwardly revised 129K in May and forecasts of 110K. It is the lowest job gain in four months, following three consecutive months of stronger-than-expected gains. However, it was roughly in line with the average monthly change over the prior 12 months (+36K). In June, employment continued to trend up in professional and business services (36K), social assistance (+25K), and health care (+22K). Employment in leisure and hospitality declined by 61K, reflecting weaker than usual seasonal hiring, and likely an effect of the World Cup. Meanwhile, employment showed little or no change over the month in other major industries, including mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; retail trade; transportation and warehousing; information; financial activities; and government. The change in total nonfarm payroll employment for April and May was revised down by 74K combined.
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US Hiring Expected to Cool in June
The US economy is expected to have added 110K jobs in June 2026, marking the smallest monthly increase in employment in four months, following three consecutive months of stronger-than-expected gains in nonfarm payrolls. In May, payrolls rose by 172K, although some analysts suggest that hiring related to the World Cup may have temporarily boosted employment. The unemployment rate is projected to remain at 4.3% for a fourth consecutive month. Meanwhile, average hourly earnings are expected to increase by 0.3% month-over-month, matching May's pace, while annual wage growth is forecast to edge up to 3.5% from 3.4%. Although payroll growth is expected to moderate, the June employment report is still likely to point to a resilient labour market.
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