BUSINESSGEORGIA RECORDER
US labor market weakened in June
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.
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- US labor market weakened in June
- US hiring slows in what economists are calling a ‘low-momentum’ labor market
- US employers pull back on hiring in June amid elevated inflation, global turmoil
- US employers added just 57,000 new jobs in June, lower than expected
- Minnesota’s latest job numbers show more openings but lower pay, fewer people staying in the workforce
- US economy adds jobs at slower pace with 57,000 jobs added in June, unemployment rate dips