Old Orchard Beach, Maine

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 US labor market showed weakened job growth in June with an increase of 57,000 jobs, down from previous months. Leisure and hospitality jobs declined by 61,000 due to slower seasonal hiring, while business services, social assistance, and healthcare added jobs. The unemployment rate fell to 4.2%, but 720,000 people left the labor market, according to an economist.

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 US labor market slowed in June with job growth of 57,000, down from previous months, and May's job gains revised downward. The unemployment rate fell to 4.2%, the lowest since June 2025, but this decline was attributed to 720,000 people exiting the labor market. Leisure and hospitality jobs dropped 61,000, while business services and healthcare added jobs.

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.