U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2%

[BumRushDaShow]

Source: CNBC

Published Thu, Jul 2 2026 8:31 AM EDT Updated 10 Min Ago


The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.

Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.

The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago.



The move lower was largely due to a slump in the labor force participation rate, which dropped 0.3 percentage point to 61.5%, the lowest since March 2021. Household employment plummeted during the month, with 507,000 fewer people reported at work. A broader unemployment measure that includes discouraged workers and those holding part-time jobs for economic reasons declined by 0.2 percentage point to 7.9%.

Read more: https://www.cnbc.com/2026/07/02/jobs-report-june-2026-.html

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From the source -

Link to tweet

BLS-Labor Statistics
@BLS_gov
Both payroll employment (+57,000) and unemployment rate (4.2%) change little in June bls.gov/news.release/e... #JobsReport #BLSdata
12:32 PM · Jul 2, 2026

Stay tuned for the DU economic analysts deep dives into the data!


Article updated.

Previous articles -

Published Thu, Jul 2 2026 8:31 AM EDT Updated 2 Min Ago


The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.

Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.

The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago.

The move lower was largely due to a slump in the labor force participation rate, which dropped 0.3 percentage point to 61.5%, the lowest since March 2021. Household employment plummeted during the month, with 507,000 fewer people reported at work.

Published Thu, Jul 2 2026 8:31 AM EDT Updated 6 Min Ago


The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.

Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.

The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The move lower was largely due to a slump in the labor force participation rate, which dropped 0.3 percentage point to 61.5%.


This is breaking news. Please refresh for updates.

Published Thu, Jul 2 2026 8:31 AM EDT Updated 2 Min Ago


The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.

Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.

The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The move lower was largely due to a slump in the labor force participation rate, which dropped 0.3 percentage point to 61.5%.


This is breaking news. Please refresh for updates.

Original article -

Published Thu, Jul 2 2026 8:31 AM EDT

Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%, according to the Dow Jones consensus.

This is breaking news. Please refresh for updates.

[displacedvermoter]

1. Is that with 40,000 jobs the beautiful game generated?

If so, then these numbers are really bad...

[peppertree]

3. Plus whatever tweaking of the data Needy Amin imposed on the BLS

FIFA has Infantino; we've got Infantile.

[Wiz Imp]

7. BLS numbers are legit. They are NOT manipulated.

[live love laugh]

13. Nothing's legit with this misadministration cabal.

[Wiz Imp]

15. 100% wrong. As former government statistician, I know of what I speak.

I have explained dozens of times over the past year and a half why people like you are totally wrong. It is no longer worth the time and effort to explain things to people who refuse to accept reality.

Therefore, if you're interested in the truth, you can look up my posts on the subject from the past year and a half. If you would rather believe things that make no sense (Why would Trump manipulate numbers to levels that make him look awful?), be my guest.

In the mean time, I will continue to put people like you on my ignore list as I have for the past several months.

[live love laugh]

18. LOL

[mahatmakanejeeves]

2. "Something to watch out for is state and local education, subject to big seasonal swings in employment in late spring."

Erika McEntarfer
‪@erikamcentarfer.bsky.social‬

June payroll release: something to watch out for is state and local education, subject to big seasonal swings in employment in late spring. If you see an upswing here, it's likely a seasonal fluke that will get revised away when more data comes in/seasonal factors are updated.
2:01 PM · Jul 1, 2026

June payroll release: something to watch out for is state and local education, subject to big seasonal swings in employment in late spring. If you see an upswing here, it's likely a seasonal fluke that will get revised away when more data comes in/seasonal factors are updated.

— Erika McEntarfer (@erikamcentarfer.bsky.social) 2026-07-01T18:01:40.037Z

[Prairie Gates]

4. Oooooooof

What a punch in the gut.

Trump is a disaster.

[Bengus81]

5. And...the social security increase announced this Sept, the usual 2.5--2.7%

Just watch............

[BumRushDaShow]

6. They were already estimating higher

Some discussion - https://www.fool.com/retirement/2026/06/21/social-security-cola-estimates-for-2027-are-gettin/

Have to wait until October to know for sure!

[Wiz Imp]

8. Perfect illustration why you should never put too much stock in

in a single month's report. Yes, the May numbers were surprisingly better than expected. But not only was June lower than expected, April and May's numbers were revised downward significantly. As a result, the job total is now 17,000 below the total reported on the May report.

Really terrible numbers for Trump.

https://www.bls.gov/news.release/empsit.nr0.htm

The change in total nonfarm payroll employment for April was revised down by 31,000, from
+179,000 to +148,000, and the change for May was revised down by 43,000, from +172,000 to
+129,000. With these revisions, employment in April and May combined is 74,000 lower than
previously reported. (Monthly revisions result from additional reports received from
businesses and government agencies since the last published estimates and from the
recalculation of seasonal factors.)

[Wiz Imp]

9. So now, through June, Trump has averaged +42,000 jobs per month

during this term. A Reminder that during the Biden administration, job growth averaged +321,000 per month. Even during Biden's final year, when job growth slowed, the average gain per month was 103,000.

Shows exactly how awful Trump has been for jobs in this country.

[SamuelAdams]

10. Anytime the jobs number under Biden was 200,000 or less, a recession was coming.

Now 114,000 is a "strong performance" and "robust." There were 74,000 less jobs in April and May through downward revisions. That means we have 17,000 less jobs after this report than before it. So far through his second term, 90% of jobs habe gone to women, 642,000 versus 74,000; all net job creation is in healthcare and social assistance while the rest of the economy has lost jobs, +945,900 versus -229,900; and 75,000 of those job losses have come in manufacturing. So much for Trump's tariffs causing a manufacturing jobs boom.

[BWdem4life]

11. Fewer. nt

[Vinca]

12. Gee, amazing how businesses slow down after the workers are deported.

Where's MAGA? Shouldn't they be racing to fill the jobs the "illegals" took from them? Grandma still needs her bedpan emptied.

[the_liberal_grandpa]

14. This report is going to cost someone their job as

the supreme court just allowed the felon in charge to fire anyone in any agency (except the federal reserve) that he doesn't like.

[Wiz Imp]

17. Nope. The only political appointee position at BLS is the Commissioner

That position has remained vacant since the last Commissioner was fired almost a year ago. The remaining employees at BLS are civil service employees who continue to have civil service protections. Even after the Supreme Court decision, those civil service protections still hold for those hired through the civil service system.

From Google AI:

No, the Supreme Court decision in Trump v. Slaughter did not allow for the unilateral firing of standard civil service workers.The ruling specifically applies to the heads of independent regulatory agencies and multi-member boards (such as the Federal Trade Commission), overturning a 91-year-old precedent to allow the president to remove these commissioners at will without needing to prove "cause". The only exception to this ruling was the Federal Reserve Board.

[LetMyPeopleVote]

16. MaddowBlog-Job numbers disappoint again as 2026 reaches halfway point

The more Donald Trump insists the economy is amazing, the more we are confronted with evidence to the contrary.

All told, the U.S. economy has added 668,000 jobs over Trump’s 18-month second term.

Over the previous 18 months, the economy added over 2.4 million jobs.

To date, the White House hasn’t even tried to explain why the job market worsened after Trump took office.
www.ms.now/rachel-maddo...

— Steve Benen (@stevebenen.com) 2026-07-02T12:59:08.353Z

https://www.ms.now/rachel-maddow-show/maddowblog/job-numbers-disappoint-again-as-2026-halfway-point

Expectations heading into this week showed projections of about 115,000 new jobs being created in the United States in June. As it turns out, according to the new report from the Bureau of Labor Statistics, the totals fell far short of those expectations. CNBC reported:

The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.

Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.

The unemployment rate inched lower to 4.2%, which is still low by historical standards, though it’s still higher than it was when Donald Trump’s second term began.

Also discouraging were the revisions for April and May, which subtracted a combined 74,000 jobs from previous estimates.....

All told, the U.S. economy has added 668,000 jobs over Trump’s 18-month second term. Over the previous 18 months, the economy added more than 2.4 million jobs. To date, the White House hasn’t even tried to explain why the domestic job market worsened after the Republican president took office.

?resize=560,301

To contextualize the data, I put together this chart to show month-to-month totals since the 2020 election. The blue columns point to Biden’s presidency, while the red columns point to Trump’s.

[riversedge]

19. Thanks much