social assistance

The U.S. labor market slowed in June with job growth at 57,000, down from previous months, while leisure and hospitality jobs fell by 61,000. The unemployment rate dropped to 4.2%, the lowest since June 2025, but economist Elise Gould noted 720,000 people left the labor market, calling the decline 'for the wrong reasons.'

The U.S. labor market weakened in June, with job growth slowing to 57,000, down from previous months, and May and April job gains revised downward. The unemployment rate fell to 4.2%, the lowest since June 2025, but 720,000 people left the labor market. Leisure and hospitality jobs dropped 61,000 due to slower seasonal hiring.

The U.S. labor market slowed in June with 57,000 new jobs, down from previous months, as leisure and hospitality jobs fell by 61,000. The unemployment rate dropped to 4.2%, the lowest since June 2025, but economist Elise Gould noted this was due to 720,000 people leaving the labor market. Business and professional services, social assistance, and healthcare added jobs, while leisure and hospitality saw a seasonal hiring decline.

The US labor market weakened in June with job growth slowing to 57,000, down from previous months, and leisure and hospitality jobs dropping by 61,000. The unemployment rate fell to 4.2%, the lowest since June 2025, but this was attributed to 720,000 people leaving the labor market. Job gains in business services, social assistance, and healthcare partially offset the losses.