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NewsThe GuardianJuly 2, 2026United States

US Job Growth Slows in June

The U.S. economy added 57,000 jobs in June, falling short of economist predictions, while the unemployment rate saw a slight decline to 4.2%. The Bureau of Labor Statistics also revised job growth figures for April and May downward.

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Why It Matters

The report indicates a cooling labor market, which influences national economic policy and interest rate decisions affecting consumer borrowing costs.

Key Facts

  • Employers added 57,000 new jobs in June.
  • The national unemployment rate is 4.2%.
  • 720,000 people left the labor force in June.
  • May job growth figures were revised downward from 172,000 to 129,000.
  • April job growth figures were revised downward from 179,000 to 148,000.
  • Total downward revisions for April and May combined equal 74,000 jobs.

Who's Mentioned

organizationBureau of Labor Statistics“The federal agency responsible for collecting and reporting labor market data.”