US Nonfarm Payrolls Falls to 57K, Missing Consensus 110K

The United States nonfarm payrolls report for June 2026 showed a gain of 57,000 jobs, missing the market consensus of 110,000. The figure represented a slowdown from May’s revised 129,000 increase, marking a sharp deceleration in hiring momentum. This outcome continued a volatile pattern in U.S. employment growth, alternating between strong expansions and weaker months through the first half of 2026. The most pronounced weakness appeared in manufacturing and temporary help services, which offset modest gains in health care and government employment. Compared with the 12‑month average of about 115,000 jobs added, June’s result highlighted a cooling labor market consistent with broader signs of economic moderation. Investors will watch next week’s consumer price index release and forthcoming Federal Reserve communications for additional insight into policy direction. Updated 7/2/26