US Nonfarm Payrolls Plummet as Job Market Cools
The United States economy added 57,000 jobs in June 2026, significantly lower than the downwardly revised 129,000 in May. This figure also fell short of market expectations of 110,000, marking the lowest job gain in four months.
Despite the sharp slowdown, this figure remains relatively in line with the average monthly change over the previous 12 months, which was around 36,000 jobs. This indicates that the US labor market has not completely weakened, but the job creation momentum is starting to lose steam.
In June, job growth was still evident in the professional and business services, social assistance, and healthcare sectors. Meanwhile, the leisure and hospitality sector recorded a decline, indicating that pressure is starting to emerge in several consumption-sensitive sectors.
This data has the potential to be a major focus for the market as it could influence expectations regarding the direction of Federal Reserve policy. If the labor market slowdown continues, market participants could begin to question the Fed's ability to maintain its hawkish stance. (gn)*
Source: Newsmaker.id