Federal Reserve (FED) · Bitcoin · CoinDesk
U.S. payroll growth slowed sharply in June, with only 57,000 jobs announced
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
U.S. jobs growth disappointed last month, with the data likely to set back market expectations of a Federal Reserve rate hike as soon as this summer or early Fall.
Key facts
- Up strongly ahead of the report, bitcoin BTC $ 60,449.94 held above $61,000, higher by 4% over the past 24 hours
- The unemployment rate came in at 4.2% versus an expected 4.3% and May's 4.3%
- U.S. stocks are liking the data, Nasdaq 100 futures moving to a 0.7% gain from about flat ahead of the report
- The U.S. added 57,000 jobs in June, according to the government's Nonfarm Payrolls Report released Thursday morning
Summary
U.S. job growth slowed sharply in June, with 57,000 jobs added versus expectations for 110,000 and well below May’s revised 129,000 gain. The unemployment rate edged down to 4.2%, slightly better than forecasts and May’s 4.3% reading. Weaker labor data could cool expectations for aggressive Federal Reserve rate hikes in 2026, contributing to a drop in bitcoin prices after the report. The U.S. added 57,000 jobs in June, according to the government's Nonfarm Payrolls Report released Thursday morning.