US Payrolls Rise 57,000 in June, Far Below Forecasts; Jobless Rate Falls to 4.2%
Hiring slowed sharply last month, with US nonfarm payrolls up 57,000 in June versus forecasts of about 113,000 to 115,000, while April and May gains were revised down by a combined 74,000. The unemployment rate fell to 4.2%, the lowest in a year, though the decline partly reflected labor-force participation dropping to 61.5% from 61.8%.
Private payrolls rose 49,000 and government payrolls 8,000, while average hourly earnings increased 0.3% from May and 3.5% from a year earlier. The three-month average payroll gain slowed to 111,000, leisure and hospitality shed 61,000 jobs, and Treasuries rallied as traders pared expectations that the Federal Reserve will raise interest rates in the coming months.
From the sources (25 posts)
@firstsquawkU.S ADP NONFARM EMPLOYMENT CHANGE (JUN) ACTUAL: 98K VS 122K PREVIOUS; EST 120K
@financialjuice🔴 US ADP EMPLOYMENT CHANGE ACTUAL 98K (FORECAST 120K, PREVIOUS 122K) $MACRO
@deitaoneU.S. PRIVATE HIRING MISSES EXPECTATIONS U.S. private employers added 98,000 jobs in June, according to the ADP National Employment Report. That missed economists' expectations for a 118,000-job increase, signaling a softer-than-expected p
@zerohedgeADP Private Payrolls 98K, Exp. 120K, Last 122K
@financialjuiceADP US June service-providing jobs rise 96k
@financialjuiceADP US June goods-producing jobs rise 2k.
@kevrgordonADP private payrolls a bit softer than consensus at +98k in June
@wallstengine🇺🇸 ADP PRIVATE PAYROLLS 98K, EST. 120K
@cnbcPrivate payrolls rose by 98,000 in June, less than expected, ADP reports
@deitaoneADP Report: Taking People Longer to Find Work, But Signs of Labor Supply Constraints in Certain Industries ADP Report: Overall Effect Is Slowdown in Job Creation ADP Report: May Total Number of Jobs Added Unchanged From 122,000
@kevrgordonHiring breadth was solid among firm sizes in June per ADP … small businesses with 1-19 employees added the most jobs (+38k)
@lizannsondersJune @ADPresearch private employment +98k vs. +120k est. & +122k prior
@polymarketmoneyBREAKING: ADP private payrolls rose 98K vs. 120K expected.
@lizannsondersEducation and health services saw strongest hiring in June and accounted for almost half of job gains according to latest @adpresearch report
@wsjPrivate companies added a net 98,000 jobs in June after adding 122,000 jobs in May, human-resources company ADP said.
@bloombergtvPrivate payrolls rose by 98,000 in June after a 122,000 increase in the prior month, according to ADP Research data out Wednesday. Michael McKee reports
@lizannsondersRT @KevRGordon: Hiring breadth was solid among firm sizes in June per ADP … small businesses with 1-19 employees added the most jobs (+38k)…
@reutersUS job growth likely slowed to a still-solid clip in June, with the unemployment rate expected to hold steady at 4.3% for a fourth straight month, consistent with a stable labor market
@reutersbizUS job growth likely slowed to a still-solid clip in June, with the unemployment rate expected to hold steady at 4.3% for a fourth straight month, consistent with a stable labor market. More here:
@firstsquawkSPAIN UNEMPLOYMENT CHANGE JUN: -28.7K (PREV -36.3K)
@deitaoneJUNE JOBS REPORT IN FOCUS Markets expect the U.S. to have added 114,000 jobs in June, down from 172,000 in May, with unemployment seen at 4.3%. A resilient labor market could keep the Fed cautious on rate cuts, while a weaker-than-expecte
@firstsquawkJUNE JOBS REPORT IN FOCUS Markets expect the U.S. economy to have added 114,000 jobs in June, down from 172,000 in May, with unemployment projected at 4.3%. A strong jobs report could reinforce the Fed's cautious stance on interest rate c
@deitaoneJUNE JOBS GROWTH SEEN SLOWING Economists expect the U.S. to add a median 115,000 jobs in June (forecast range: 25,000–130,000), down from 172,000 in May. The unemployment rate is expected to hold at 4.3%, while average hourly earnings are
@hedgeyeJUST IN: U.S. Unemployment Rate falls to 4.2% (Est. 4.3%, Prev. 4.3%)
@firstsquawkUS NONFARM PAYROLLS (JUN) ACTUAL: 57K VS 172K PREVIOUS; EST 113K