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 marked a sharp slowdown from May’s revised 129,000 increase, indicating a weaker pace of hiring. This decline continues a volatile trend in U.S. employment growth over recent months, with readings fluctuating between strong expansions and notable contractions. The slowdown was most evident in manufacturing and temporary help services, which offset modest gains in health care and government employment. Compared with the 12‑month average of roughly 115,000 jobs added, June’s result underscored a cooling labor market consistent with broader signs of economic moderation. Investors will monitor next week’s consumer price index release and upcoming Federal Reserve communications for further insight into policy direction. Updated 7/2/26