this post was submitted on 02 Jul 2026
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Economics

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U.S. economy adds just 57,000 jobs in June, a worrying sign as wage growth remains slow (www.nbcnews.com)
submitted 20 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world
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The report marked the slowest month of hiring since February, when hiring contracted.

The U.S. economy added just 57,000 jobs in June, a worrying sign for labor market stability as wage growth tracked below inflation for a third consecutive month.

In June, average hourly earnings increased by 3.5%, which remains far below the most recent inflation reading of 4.2%.

The unemployment rate ticked down to 4.2% from 4.3%. June’s total was the lightest month of hiring since February, when the labor market contracted.

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[–] ThePowerOfGeek@lemmy.world 6 points 19 hours ago (1 children)

And we shouldn't be surprised if that number is downgraded in a month or two's time. That's what's been happening fairly often recently. The final number will likely end up being < 40,000.

[–] CombatWombat@feddit.online 3 points 18 hours ago

Probably a lot less than 40,000:

The report also included sharp downward revisions for prior months. Hiring in April was cut by 31,000 jobs, and May was revised down by 43,000.