Employers added 57,000 jobs in June, far below forecasts as hiring slowed
Hiring slowed sharply as revised spring gains and weaker leisure and hospitality payrolls offset growth in health care and professional services, economists said.
- U.S. employers added 57,000 jobs in June, about half the number economists expected, with April and May jobs revised down by a combined 74,000.
- The unemployment rate fell to 4.2% mainly due to a decrease in labor force participation to 61.5%, the lowest since March 2021.
- Job gains were seen in professional and business services, social assistance, and healthcare, while leisure, hospitality, and retail experienced job losses, reflecting a mixed employment picture.
- Experts note a mismatch between employer demands for experienced workers and job seekers seeking entry-level jobs, possibly related to AI adoption and labor market dynamics.
222 Articles
222 Articles
US employers still reluctant to add many jobs as hiring slows in June - Boston News, Weather, Sports
WASHINGTON (AP) — U.S. employers slowed hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook. The Labor Department said Thursday that the unemployment rate declined to a low 4.2% from 4.3% in May, though the drop mostly occurred because many people out of work gave up looking and were no longer counted as unemployed. The figures suggest businesses rema…
The US labor market data for June make investors bet on an interest break. The probability of an interest rate increase in July is only estimated at 20 percent. The stock market week ends before the holiday without any clear direction.
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At least 21 civilians in Kyiv are dead in one of the biggest attacks on Ukraine’s capital city since the start of the war. Find out about the appeal Ukrainian President Volodymyr Zelenskyy is now making to the United States. U.S. employers added 57,000 jobs in June. We look at what that means for Americans, and what the White House told NTD about outcomes from the administration’s tax policies. Two people in New York were charged with Medicaid f…
The June Jobs Report Came In at Half of What Wall Street Expected. Here’s What Broke
The post The June Jobs Report Came In at Half of What Wall Street Expected. Here’s What Broke appeared first on 24/7 Wall St.. Rick Santelli called June nonfarm payroll growth of 57,000 on CNBC, roughly half the expected 115,000, marking the softest month outside of a contraction since December 2020. June revisions cut 74,000 jobs from prior months, dropping the three-month average payroll gain to roughly 110,000. Weaker hiring combined with …
Leisure And Hospitality Loses 61K Jobs — Weakest Hiring In Months
U.S. employers added 57,000 jobs in June, well below economists’ expectations, while the unemployment rate held relatively steady at 4.2%, according to new data released Thursday by the U.S. Bureau of Labor Statistics. The June payroll increase fell short of forecasts that called for about 100,000 to 110,000 new jobs, signaling continued moderation in the labor market. The Labor Department also revised hiring totals for the previous two months l…
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