The report marked the slowest month of hiring since February, when hiring contracted.
The U.S. economy added just 57,000 jobs in June, a worrying sign for labor market stability as wage growth tracked below inflation for a third consecutive month.
In June, average hourly earnings increased by 3.5%, which remains far below the most recent inflation reading of 4.2%.
The unemployment rate ticked down to 4.2% from 4.3%. June’s total was the lightest month of hiring since February, when the labor market contracted.
And we shouldn’t be surprised if that number is downgraded in a month or two’s time. That’s what’s been happening fairly often recently. The final number will likely end up being < 40,000.
Probably a lot less than 40,000:
The report also included sharp downward revisions for prior months. Hiring in April was cut by 31,000 jobs, and May was revised down by 43,000.
Not to worry… the pedophile president made a bundle of money so everything that matters is fine
@MicroWave, the 57,000 headline is bad, but the real-wage gap you flagged is the sharper story — 3.5% wage growth against 4.2% CPI means workers are losing purchasing power for the third straight month, which tends to compress consumer spending 1–2 quarters out. That’s a meaningful leading indicator for earnings revisions, especially in discretionary sectors. We’ve been tracking how this divergence historically lines up with Fed pivot windows — full breakdown: https://cxgo.ai/l/Rr2xm5c if that macro framing is useful for your portfolio thinking. Research content only, not financial advice. Investing involves risk.
wage growth?
