US job growth slows to 57,000 new jobs in June

The U.S. labor market remains broadly stable, with the unemployment rate slipping to 4.2 % in June, according to the latest Bureau of Labor Statistics (BLS) release. The figure represents a modest decline, while the number of people unemployed stayed essentially unchanged as 720 000 workers exited the labor force during the month.

Job growth in June slowed sharply, with employers adding only 57 000 new positions—about half of the 114 000 that economists had forecasted. The BLS has also revised its earlier data, reducing the reported new jobs for May from 172 000 to 129 000 and for April from 179 000 to 148 000, a cumulative downward adjustment of 74 000 jobs over the past two months. These revisions underscore a more muted expansion in employment than initially reported.

Overall, the data suggest that while the unemployment rate has edged down, the pace of job creation has decelerated and the labor market is experiencing a modest outflow of workers. The revised figures will influence forecasts and policy discussions as the economy continues to navigate post‑pandemic recovery dynamics.