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US Hiring Slows: 98K Jobs Added in June
1 Jul
Summary
- Private employers added 98,000 jobs in June, falling short of forecasts.
- Economists predicted 120,000 job gains, slightly more than May's pace.
- Labor supply constraints and slowing demand contribute to reduced job creation.
US private employers added 98,000 jobs in June, a figure that fell short of economic expectations. Analysts had projected job gains closer to 120,000, a pace similar to the previous month.
This moderation in hiring reflects a complex economic landscape. According to ADP's chief economist, labor supply constraints are becoming apparent in various sectors, while overall demand for workers is also softening.
Despite this slowdown, other economic indicators released recently have offered some positive signals. Layoff announcements saw a decline in June, and the number of available job openings exceeded economists' predictions for the prior month.
The government's official employment situation report, anticipated for July 2, 2026, is expected to confirm a slower rate of job creation compared to May's robust figures. However, the projected gains are still expected to be above the threshold needed to maintain current unemployment levels.
