US unemployment rate holding at 4.2% with non farm payrolls rose by 57,000. April and May payrolls revised down by combined 74,000

07/05/2026 12:00 pm EST

AJ Economy Trend - US Down due to continuously weakening labor market and slowed down non-farm payrolls

The U.S. labor market showed little change in June, with nonfarm payrolls rising by 57,000 and the unemployment rate holding at 4.2%. Job gains were concentrated in professional and business services, social assistance, and health care, while leisure and hospitality lost 61,000 jobs due to weaker-than-usual seasonal hiring. Labor force participation declined to 61.5%, and the employment-population ratio edged down to 59.0%, suggesting some softening in labor market conditions. Long-term unemployment remained elevated at 1.9 million, while wage growth stayed moderate, with average hourly earnings rising 0.3% for the month and 3.5% from a year earlier. April and May payrolls were revised down by a combined 74,000, indicating that recent hiring momentum was weaker than previously reported.