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The Nexus
BUSINESSJul 6 · 19:57 UTCFLORIDA PHOENIXTim Henderson

US labor market weakened in June

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.'

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Mentioned
US Bureau of Labor StatisticsorganizationElise GouldpersonEconomic Policy Instituteorganizationbusiness and professional servicestopicsocial assistancetopichealthcaretopicleisure and hospitalitytopicOld Orchard Beach, Maineplace
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