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FinanceUS private payrolls rise 98,000 in June, missing expectations
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US private payrolls increased less than expected in June, with private employment rising by 98,000 jobs after an unrevised 122,000 gain in May. Despite the slowdown in hiring, planned layoffs dropped significantly by 53%, signaling potential employer caution in a cooling labor market. Employers announced plans to hire only 10,933 workers during the month, marking a 44% decline from May. The data highlights a mixed labor market picture, with job creation decelerating while layoff intentions ease, which may influence Federal Reserve policy considerations and broader economic outlook.
Source report
Private employment rose by 98,000 jobs last month, following an unrevised gain of 122,000 in May, according to the latest data.
Key Highlights
- June private payrolls: +98,000 (below expectations)
- May revised figure: +122,000 (unchanged)
- Planned layoffs: Down 53% month-over-month
Hiring Plans
- Employers announced plans to hire 10,933 workers in June
- This represents a 44% decline from May
Photo: BLOOMBERG
WASHINGTON — US private payrolls increased less than expected in June, signaling a slowdown in labor market momentum during the second quarter.
Source
The Business TimesRegional
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