[REVISION HISTORY]
US labor market June 2026
Updated 2 times since CLSTR started tracking revisions of this situation.
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2026-08-04 15:14 UTC → 2026-08-04 15:36 UTC ·
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June 2026 non‑farm payrolls missed forecasts, prompting analysts to temper expectations for another Federal Reserve rate hike. The Labor Department’s June JOLTS report data showed job openings at fell to 7.359 million, a slight decline from May’s 7.537 million 178 000 fewer than May and below the 7.400 million projection, with forecast, pushing the openings rate slipping to 4.4 % from 4.5 %. Hiring rose modestly, adding by 96 000 jobs to bring 000, bringing total hires to 5.348 million and lifting the hires rate to 3.4 % (up from 3.3 %). %. Layoffs and discharges remained steady at about 1.8 million (1.1 % rate), while voluntary quits held at 3.2 million (2.0 %). % rate). Sector‑specific changes mirrored earlier trends: shifts included a 147 000 drop in healthcare and social assistance lost 147 000 openings, whereas gains in transport, warehousing, utilities and the federal government added openings, while government, and declines in wholesale trade, nondurable‑goods manufacturing and mining/logging saw declines. mining. The Federal Reserve kept its benchmark rate in the 3.5 %–3.75 % range, with three committee members dissenting in favor of for a quarter‑point hike. Economists continue view the gradual cooling as likely to describe let the Fed concentrate on inflation, describing the market as operating in a “slow‑hire, slow‑fire” mode, indicating a broadly stable but gradually cooling labor environment. mode.
Versions
- 2026-08-04 15:36 UTC US labor market June 2026
- 2026-08-04 15:14 UTC US labor market June 2026
- 2026-08-04 14:54 UTC US labor market June 2026
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