Hiring worse than expected in June amid elevated inflation

[groundloop]

This discussion thread was locked as off-topic by Yonnie3 (a host of the Latest Breaking News forum).

Source: ABC News

Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran War.

The U.S. added 57,000 jobs in June, according to the report, which marked a decline from 172,000 jobs added in May.

The sluggish pace recorded in June departs from strong performance for the labor market so far in 2026. Employers added a robust average of about 114,000 jobs each month from January to May, Bureau of Labor Statistics data showed.

[......]

The pace of annual inflation stands at 4.2%, clocking in at more than twice the Federal Reserve’s target rate of 2%.

Read more: https://abcnews.com/Business/jobs-report-set-show-hiring-robust-pace/story?id=134336526

[Ray Bruns]

1. "But the stock market is over 50,000!"

[bsiebs]

5. It actually shot up today because of the bad jobs report...

They see it as good news because it may influence the Fed not to raise interest rates… that is all Wall Street cares about..fuck jobs

[SamuelAdams]

2. Anytime the jobs number fell to 200,000 or less under Biden, a recession was coming.

Now 114,000 is a "strong performance" and "robust." There were 74,000 less jobs in April and May through downward revisions. That means we have 17,000 less jobs after this report than before it. So far through his second term, 90% of jobs habe gone to women, 642,000 versus 74,000; all net job creation is in healthcare and social assistance while the rest of the economy has lost jobs, +945,900 versus -229,900; and 75,000 of those job losses have come in manufacturing. So much for Trump's tariffs causing a manufacturing jobs boom.

[maxsolomon]

7. Came here to say something similar.

this is straight-up crazytown:

The sluggish pace recorded in June departs from strong performance for the labor market so far in 2026. Employers added a robust average of about 114,000 jobs each month from January to May, Bureau of Labor Statistics data showed.

[travelingthrulife]

3. It certainly met my expectations. What is wrong with ABC News 'expectations'?

[LetMyPeopleVote]

4. MaddowBlog-Job numbers disappoint again as 2026 reaches halfway point

The more Donald Trump insists the economy is amazing, the more we are confronted with evidence to the contrary.

All told, the U.S. economy has added 668,000 jobs over Trump’s 18-month second term.

Over the previous 18 months, the economy added over 2.4 million jobs.

To date, the White House hasn’t even tried to explain why the job market worsened after Trump took office.
www.ms.now/rachel-maddo...

— Steve Benen (@stevebenen.com) 2026-07-02T12:59:08.353Z

https://www.ms.now/rachel-maddow-show/maddowblog/job-numbers-disappoint-again-as-2026-halfway-point

Expectations heading into this week showed projections of about 115,000 new jobs being created in the United States in June. As it turns out, according to the new report from the Bureau of Labor Statistics, the totals fell far short of those expectations. CNBC reported:

The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.

Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.

The unemployment rate inched lower to 4.2%, which is still low by historical standards, though it’s still higher than it was when Donald Trump’s second term began.

Also discouraging were the revisions for April and May, which subtracted a combined 74,000 jobs from previous estimates.....

All told, the U.S. economy has added 668,000 jobs over Trump’s 18-month second term. Over the previous 18 months, the economy added more than 2.4 million jobs. To date, the White House hasn’t even tried to explain why the domestic job market worsened after the Republican president took office.

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To contextualize the data, I put together this chart to show month-to-month totals since the 2020 election. The blue columns point to Biden’s presidency, while the red columns point to Trump’s.

[Stargazer99]

6. Enjoy your worship of capitalism? You the middle class will end up paying for the problem with money

paid or social problems. Your ruling class will make sure if you are not in financial pain you will tolerate the situation and the cruelty will continue

[Yonnie3]

8. Locking - Duplicate

Please continue discussion at the earlier post https://www.democraticunderground.com/10143688322