
US Job Growth Slows to 57,000 in June as Unemployment Falls to 4.2%
US job growth slowed sharply in June 2026, with nonfarm payrolls rising by 57,000, the weakest gain in four months and well below the roughly 110,000 economists expected. The unemployment rate fell to 4.2%, a 12-month low, though the decline stemmed largely from workers leaving the labor force rather than a strengthening jobs market. Key Takeaways The Bureau of Labor Statistics reported June nonfarm payrolls increased by 57,000, below the 110,000 to 115,000 consensus and the slowest pace in four months. The unemployment rate fell to 4.2%, driven by a drop in the labor force participation rate to 61.5%, its lowest level since March 2021. April and May payrolls were revised down by a combined 74,000, and leisure and hospitality shed 61,000 jobs in June. Stock futures rose and Treasury yields fell as investors reduced expectations for a Federal Reserve interest rate increase in September. How Weak Was the June Jobs Report? The June reading marked a clear cooling in the US labor market after three consecutive months of stronger-than-expected gains. The Bureau of Labor Statistics reported that total nonfarm payroll employment rose by 57,000, roughly in line with the average monthly change of 36,000 over the prior 12 months













































