US June Hiring Slumps Sharply, Unemployment Drops But Recovery Momentum Fades
U.S. non-farm payrolls added only 57,000 jobs in June 2026, significantly missing expectations and following downward revisions to previous months [citation:33, 39, 41]. While the unemployment rate fell to 4.2%, this was primarily due to a 0.3% drop in labor participation [citation:35, 46]. Leisure and hospitality saw their sharpest decline since 2020, even as healthcare remained a rare bright spot [citation:1, 34].
07/02/2026 20:37