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US Hiring Slows Sharply, Curbing Job-Market Momentum

US Hiring Slows Sharply, Curbing Job-Market Momentum
Bloomberg Markets Thursday 02 July 2026, 15:01 UTC 1 min read
Key Points

Jul 2nd, 2026 US Hiring Slows Sharply, Curbing Job-Market Momentum US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year. Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data Thursday showed. Claudia Sahm, Chief Economist at New Century Advisors, reacts to the report.

Jul 2nd, 2026 US Hiring Slows Sharply, Curbing Job-Market Momentum US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year. Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data Thursday showed. Claudia Sahm, Chief Economist at New Century Advisors, reacts to the report. [Image text:] Sign in. PREMARKET S&PFUTURES 7,566.0022.50 0.30% DOW JONES FUTURES 52,832.00164.000.31% NASDAQ 100 FUTURES 30,236.75142.500.47% CBOE VIX INDEX 16.1770.42 CLAUDIA SAHM NEW CENTURY ADVISORS CHIEF ECONOMIST USJUNENONFARMPAYROLLSRISE57KM/M;EST.+113K dlaudia.sahm
US (LOCATION) Curbing Job-Market Momentum (ORG) Curbing Job-Market Momentum US (ORG) Bureau of Labor Statistics (ORG) Claudia Sahm (PERSON) New Century Advisors (ORG)
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