US economy added jobs at a slower pace than expected in June
The Bureau of Labor Statistics on Thursday reported that employers added 57,000 jobs in June. That figure was below the estimate of economists polled by LSEG, who estimated 110,000 jobs added.
The unemployment rate dipped to 4.2%, which was also below the estimate of 4.3%.
Revisions were made to the payroll numbers for the prior two months, with April revised down by 31,000 from a gain of 179,000 to 148,000; while May's report was revised down from 43,000 from a gain of 172,000 to 129,000.
Taken together, employment in April and May was 74,000 jobs lower than previously reported.
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Private payrolls added 49,000 jobs in June, well below the LSEG poll's prediction of 110,000 jobs. May's private sector job gains were also revised down from a gain of 120,000 to 97,000.
Government payrolls grew by 8,000 jobs last month, while the increase of 52,000 in May was revised down to 32,000 jobs.
The manufacturing sector added 3,000 jobs in June, in line with the estimate of economists polled by LSEG. May's figures were revised down from a gain of 7,000 jobs to a loss of 2,000.
Healthcare continued to add jobs last month, with the sector adding 21,500 jobs in June. That's a slower pace than the average monthly gain of 38,000 over the last 12 months. Hospitals added 9,200 jobs for the month, contributing to a significant portion of the gain.
Leisure and hospitality employment declined by 61,000 in June, which reflected weaker than usual seasonal hiring. The sector has shown little net change in employment over the course of 2026 to date.
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The number of long-term unemployed, defined as those who have been jobless for 27 weeks or more, was little changed at 1.9 million in June but is up 286,000 over the year. The long-term unemployed accounted for 27.3% of all unemployed people last month.
The number of people employed part-time for economic reasons also held relatively steady at 4.7 million in June. These individuals would've preferred full-time employment but were working part-time because their hours were reduced, or they weren't able to find full-time jobs.
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