The US economy added just 57,000 jobs in June, half of what economists expected.
u/TonyLiberty ·
Reddit — r/FluentInFinance
· July 02, 2026 at 17:53
· ⬆ 32 pts
· 💬 11 comments
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The US economy added just 57,000 jobs in June, half of what economists expected.
The unemployment rate FELL to 4.2%. That sounds like good news until you see why.
720,000 people left the labor force last month. When someone stops looking for work, the government stops counting them as unemployed
57,000 jobs added. 720,000 people gone. The rate dropped because workers gave up.
April and May were also revised down by a combined 74,000 jobs. Hiring is stuck in a few corners of the economy (healthcare, business services, social assistance). Almost everything else is flat or shrinking.
The job market is cooling. The headline number just hides it.